Author Question: By law, banks are required to A) hold 100 percent of customer deposits as reserves. B) hold a ... (Read 97 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
By law, banks are required to
 
  A) hold 100 percent of customer deposits as reserves.
  B) hold a fraction of demand deposits as reserves.
  C) hold a fraction of their reserves at the Federal Reserve bank.
  D) lend out no more than the amount of their required reserves.

Question 2

If a nation with a low level of GDP per capita converges to a richer nation, the poor nation
 
  A) enters into a free trade agreement with the richer nation.
  B) experiences low growth rates.
  C) experiences a rate of high growth such that its GDP per capita increases to that of the richer nation.
  D) experiences a rate of low growth such that its GDP per capita increases to that of the richer nation.


cuttiesgirl16

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

For a complete list of videos, visit our video library