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Author Question: Legal reserve requirements on banks in the United States today are primarily A) a limitation on ... (Read 63 times)

chandani

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on: Jun 29, 2018
Legal reserve requirements on banks in the United States today are primarily
 
  A) a limitation on banks' ability to make loans.
  B) a protection for bank depositors against runs.
  C) a protection for bank shareholders against capital loss.
  D) an attempt to restrain the market power of banks.
  E) designed to control competition among banks.

Question 2

Which of the following statements is true?
 
  A) A monopolist's product often has close substitutes.
  B) Firms under perfect competition produce differentiated products.
  C) Firms under monopolistic competition produce identical products.
  D) Firms under oligopoly produce either identical or differentiated products.


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Sarahjh

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


chandani

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

patma1981

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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