Author Question: Paul Bergen and Virginia Clancy each own a 100-acre soybean farm in Soyburg, Illinois. Together they ... (Read 47 times)

altibaby · **on:** Jun 30, 2018

Paul Bergen and Virginia Clancy each own a 100-acre soybean farm in Soyburg, Illinois. Together they grow 1/1000th of 1 percent of the nation's soybeans. When they merge, it will:
a. b and e.
b. be a horizontal merger.
c. reduce competition in the soy market.
d. increase the market power of Paul and Virginia.
e. probably go unnoticed outside of Soyburg.

Question 2

The reserve requirement refers to:
a. the fraction of deposits that banks are required by the Fed to hold as reserves.
b. the amount of gold required to back up all Federal Reserve notes.
c. the requirement that banks reserve part of their lending capacity for small businesses.
d. the requirement that Reserve bank presidents be part of the FOMC.
e. the Treasury deposits held by the Fed.