Define the reserve ratio.
What will be an ideal response?
The required reserve ratio is the fraction or percentage of reserves which must be held against deposits by financial institutions regulated by the Federal Reserve Board of Governors.
Economics
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In the money market, how is the adjustment to equilibrium brought about in the short run and in the long run?
What will be an ideal response?
Economics
Rent controls unintentionally create
A) scarcity of rental units. B) surpluses of rental units. C) shortages of rental units. D) market-clearing outcomes in the apartment rental market.
Economics