Total reserves of private banks are A) federal reserve notes. ...

[jasdeep_brar]

Total reserves of private banks are
 
  A) federal reserve notes.
  B) all customer deposits.
  C) deposits held at the Fed and vault cash.
  D) the minimum amount banks need to hold against time deposits.

Question 2

If a firm in the U.S. wants to purchase 50,000 yuan worth of raw materials from a Chinese firm, how many dollars would it have to transfer to the firm? Assume that one dollar exchanges for 6 yuan in the foreign exchange market.
 
  A) 8333.33 B) 7,500 C) 6,773.21 D) 9,663.22

[zoeyesther]

Answer to Question 1

C

Answer to Question 2

A