Banks generally keep most of their assets in the form of ______.
a. cash assets
b. reserves held at the Fed
c. loans
d. secondary reserves
c. loans
Economics
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The number of presidentially appointed members who sit on the Federal Reserve Board of Governors is:
a. none. b. seven. c. nine. d. twelve.
Economics
The equilibrium interest rate is determined by the
a. quantity of capital on the market b. supply and demand for loanable funds c. marginal revenue product of capital d. marginal factor cost of capital e. willingness of suppliers of capital to convert that supply into loanable funds
Economics