Author Question: In order for a bank to earn as much profit as possible, its excess reserves should be: a. equal to ... (Read 29 times)

appyboo · **on:** Jun 30, 2018

In order for a bank to earn as much profit as possible, its excess reserves should be:
a. equal to its required reserves.
b. as small as possible.
c. less than its vault cash.
d. growing at a constant rate.

Question 2

Which of the following is true?
a. Nations achieve high rates of economic growth primarily because of their natural resource endowments.
b. Human and physical capital investments are largely irrelevant to economic growth.
c. Poor nations grow slowly because they do not have access to modern technology.
d. A favorable political environment attracts more investment in human and physical capital.