Suppose that the Fed undertakes an open market purchase of $1 million worth of securities from a bank. If the required reserve ratio is 9%, what is the resulting change in checkable deposits (or the money supply), assuming that there are no cash leakages and that banks hold zero excess reserves?

Carefully explain why agricultural subsidies are viewed as harmful

What will be an ideal response?

"Knowing your customer" means:

A) knowing what factors affect customer choices. B) knowing the names of customers. C) knowing whether something is a fad or a fashion. D) knowing that people do not believe advertising. E) having an understanding of why price goes up or down.