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Author Question: Banks hold about 50 percent of their assets as reserves. Is the previous statement correct or not? ... (Read 49 times)

KimWrice

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on: Jun 29, 2018
Banks hold about 50 percent of their assets as reserves. Is the previous statement correct or not?
 
  What will be an ideal response?

Question 2

If a price ceiling on coffee is set above the market-clearing price, then
 
  A) the quantity of coffee demanded will decrease.
  B) the quantity of coffee supplied will increase.
  C) the quantity demanded for coffee will increase.
  D) all of the above will occur.
  E) none of the above will occur.


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tuate

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

The statement is incorrect. In 2011 banks kept an average of 13 percent of their assets as reserves.

Answer to Question 2

E


KimWrice

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ktidd

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

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