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Author Question: Excess reserves are equal to: a. total reserves plus required reserves. b. total reserves ... (Read 69 times)

saliriagwu

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on: Jun 30, 2018
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


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missalyssa26

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

d

Answer to Question 2

False


saliriagwu

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

AISCAMPING

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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