The Quantity of Reserves That Banks Must Hold Against Deposits

question 162

Multiple Choice

The quantity of reserves that banks must hold against deposits is called

• A) the reserve ratio.
• B) excess reserves.
• C) total reserves.
• D) required reserves.

Learn about legal theories of recovery in product liability cases.

Know the requirements for proving a product liability lawsuit.

Understand the relevance of product warnings and instructions for use.

Recognize the types of damages recoverable in product liability cases.

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Definitions:

Shortage

The amount by which the quantity demanded of a product exceeds the quantity supplied at a particular (below-equilibrium) price.

Marginal Land

Land that is of poor quality for agriculture and unlikely to produce a profitable yield without significant investment in improvements.

Rents

Payments made for the use of property or land, or in economic theory, the excess returns to a factor of production over its opportunity cost.

Finite

Something that has limits or bounds; having a definite end or duration.