A bank is legally required to hold a fraction of its ________ as ________

A) deposits; required reserves
B) deposits; excess reserves
C) loans; excess reserves
D) loans; required reserves

Answer: A

Economics

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Human beings are generally very good at accurately estimating probabilities

Indicate whether the statement is true or false

Economics

If Luxury Cabinets, a kitchen cabinet manufacturer, builds a cabinet plant near Big Woods, a timber harvesting farm, to reduce the costs of transporting lumber, the cabinet plant is a(n) ________.

A) information asset B) negotiation asset C) transaction-specific asset D) monitoring cost

Economics