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Author Question: The sum of the coins and currencies in the bank's vault and its deposit in the Fed is called: a. ... (Read 54 times)

nevelica

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on: Jun 30, 2018
The sum of the coins and currencies in the bank's vault and its deposit in the Fed is called:
 a. vault cash.
  b. transaction deposits.
  c. legal reserves.
  d. required reserves.
  e. loanable funds.

Question 2

Whenever a price ceiling is imposed in a market,
 a. quantity demanded exceeds quantity supplied and a surplus results.
 b. quantity demanded exceeds quantity supplied and a shortage results.
 c. quantity supplied exceeds quantity demanded and a surplus results.
 d. it is necessary to know whether the ceiling is imposed above or below the equilibrium price in order to determine whether the quantity traded will be affected.


ebonylittles

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


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