Which of the following statements regarding member banks is true?
A) A majority of banks are part of the Federal Reserve System as well as a majority of bank deposits.
B) A minority of banks are part of the Federal Reserve System, but they have a majority of deposits.
C) A majority of banks are part of the Federal Reserve System, but they have a minority of deposits.
D) A minority of banks are part of the Federal Reserve System as well as a minority of deposits
B
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If a country sets a pegged exchange rate that is below the equilibrium exchange rate, how can the country maintain the peg?
A) by selling surplus domestic currency at the pegged rate B) by purchasing surplus domestic currency at the pegged rate C) by decreasing the pegged exchange rate D) by purchasing surplus domestic currency at the equilibrium exchange rate
A graphic representation of the quantities of a good that will be bought at each price
a. demand curve b. income effect c. elastic d. inferior good