If people decide to hold less money as currency and more as checking deposits, this will most likely cause
a. a decrease in bank reserves.
b. a decrease in required reserves.
c. an increase in the discount rate.
d. an increase in the money supply.
D
Economics
You might also like to view...
The legislation which outlawed price discrimination for the purpose of reducing competition was the:
A. Sherman Act. B. Clayton Act. C. Robinson-Patman Act. D. Celler-Kefauver Act.
Economics
Refer to the above figure. In the absence of a subsidy,
A. Qd would be demanded and QM would be supplied. B. the quantity Qo and price Po would prevail in the market. C. the price Pd would be charged and quantity QM demanded. D. None of these is correct.
Economics