Use the following reserve-requirements table to answer the next question.Type of DepositReserve RequirementCheckable deposits $7.8 - $48.3 million3%Over $48.3 million10Noncheckable personal savings and time deposits0If a bank has checkable deposits of $45 million and reserves of $2 million, then its excess reserves are

An indirect effect of monetary policy is that as the money supply

A) increases, interest rates fall, and borrowing and spending increase. B) increases, interest rates rise, and borrowing and spending decrease. C) decreases, interest rates rise, and borrowing and spending increase. D) decreases, interest rates fall, and borrowing and spending increase.

Why do people donate less when it is costlier to give?

What will be an ideal response?