If the Fed were to lower the required reserve ratio, A) excess ...

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If the Fed were to lower the required reserve ratio,
 
  A) excess reserves would decrease.
  B) excess reserves would increase.
  C) there would be no effect on the level of excess reserves.
  D) there would tend to be no effect on the nation's money supply.

Question 2

How does the text distinguish between the market and government?
 
  A) The market is based on competition; the government is based on cooperation.
  B) The market is based on prices; the government is based on policies.
  C) The market is based on individualism; the government is based on socialism.
  D) In all of the above ways.
  E) In none of the above ways.

[alvinum]

Answer to Question 1

B

Answer to Question 2

E

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[jordangronback]

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