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Author Question: Legal reserve requirements specify that banks must hold a certain percentage of their deposit ... (Read 89 times)

scienceeasy

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on: Jun 30, 2018
Legal reserve requirements specify that banks must hold a certain percentage of their deposit liabilities
 
  a. in currency only.
  b. as deposits at regional Federal Reserve Banks only.
  c. either in currency or as deposits at regional Federal Reserve Banks.
  d. None of the above

Question 2

Creative destruction includes all of the following except
 
  (a) The rise of the automobile industry at the expense of the carriage industry
  (b) The rise of the computer industry at the expense of the typewriter industry
  (c) The destruction of all capital during economic busts
  (d) There is no except; all of the above are examples of creative destruction


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CAPTAINAMERICA

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

(c)


scienceeasy

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
Excellent

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