The amount of assets that a bank must hold at all times is determined by the

a. banks' actual reserves
b. legal reserve requirement
c. actual reserve requirement
d. fractional reserve requirement
e. excess reserve requirement

B

Economics

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What oligopolist pricing theory is based on firm awareness of how competing firms will react to actions it takes and develops strategies based on that reaction?

a. game theory b. profit-maximizing theory c. price leadership theory d. price discrimination theory e. theory of competition

Economics

What is the reason for the law of increasing opportunity costs?

A) There is no reason: it is just one of the laws of economics. B) Resources have varying abilities and those with lower opportunity costs of producing a good will be used to produce it before resources with higher opportunity costs produce it. C) The price of a good rises as more of it is demanded. D) As more of a good is produced, the taxes applied to the production of the good rise. E) c and d

Economics