Legal reserve requirements on banks in the United States today ...

[chandani]

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.

[Sarahjh]

Answer to Question 1

A

Answer to Question 2

D

[chandani]

Thanks for the timely response, appreciate it

[gcook]

TYSM