Excess reserves are equal to: a. total reserves plus required ...

[saliriagwu]

Excess reserves are equal to:
 a. total reserves plus required reserves.
  b. total reserves multiplied by required reserves.
  c. total reserves minus loans.
  d. total reserves minus required reserves.
  e. required reserves minus loans.

Question 2

If a price ceiling of 5 per gallon is imposed on gasoline, and the market equilibrium price is 4.50, then the price ceiling is a binding constraint on the market.
 a. True
  b. False
  Indicate whether the statement is true or false

[missalyssa26]

Answer to Question 1

d

Answer to Question 2

False

[saliriagwu]

Thanks for the timely response, appreciate it

[adf223]

Excellent