Firms whose central business is to offer security advice and buy and sell individual stocks and bonds for clients are known as:

If buyers expect the price of a good to fall in the near future, we would expect that to cause the current price and the quantity traded to increase as a result

a. True b. False Indicate whether the statement is true or false

If the reserve requirement was 15% and a bank customer makes a deposit of $500, the initial result would be:

a. a $75 increase in required reserves and a $425 increase in excess reserves. b. a $425 increase in required reserves and a $75 increase in excess reserves. c. a $75 increase in required reserves and a $3,333 increase in excess reserves. d. a $3,333 increase in required reserves and a $425 increase in excess reserves.