Author Question: For a depository institution, reserves are: a. assets on the balance sheet. b. loans to ... (Read 88 times)

anshika · **on:** Jun 30, 2018

For a depository institution, reserves are:
a. assets on the balance sheet.
b. loans to individuals and businesses.
c. borrowings from the central bank.
d. liabilities it owes to customers.
e. checkable deposits.

Question 2

A price ceiling set above the equilibrium price causes a surplus in the market.
a. True
b. False
Indicate whether the statement is true or false