Author Question: In the United States, where do depository institutions hold their reserves? A) either as vault ... (Read 63 times)

SO00 · **on:** Jun 30, 2018

In the United States, where do depository institutions hold their reserves?

A) either as vault cash or on reserve with Federal Reserve district banks
B) All reserves must be held at a Federal Reserve district bank.
C) in accounts with the U.S. Department of the Treasury
D) in their own vaults in the form of precious metals such as gold and silver

Question 2

How does an increase in competition in an industry usually affect productivity?

What will be an ideal response?

irishcancer18 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

Increase in competition in an industry changes work rules in a way that allows for a more flexible allocation of labor across tasks and better utilization of resources. This leads to a significant increase in productivity in the industry.