For a depository institution, reserves are: a. assets on the ...

[anshika]

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

[karmakat49]

Answer to Question 1

a

Answer to Question 2

False

[anshika]

Thanks for the timely response, appreciate it

[olderstudent]

TYSM