The percentage of deposits that banks must hold in reserve is the
A) excess reserve ratio.
B) required reserve ratio.
C) total reserve ratio.
D) currency ratio.
B
Economics
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If Korea's average annual growth rate is 9 percent and that of the United States is 4 percent, the time required for Korea's real GDP to double will be ____ less than the time required for the GDP of the United States to double
a. 3 years b. 6 years c. 12 years d. 15 years e. 10 years
Economics
All else equal, depreciation of the Mexican peso relative to the U.S. dollar would make a trip by:
A. an American to Mexico more expensive. B. a Mexican to the United States less expensive. C. an American to Mexico less expensive. D. an Australian to the United States more expensive.
Economics