Total Reserves Are

question 12

Multiple Choice

Total reserves are

• A) equal to required reserves plus excess reserves.
• B) equal to vault cash plus bank deposits at the Federal Reserve.
• C) an asset to banks.
• D) both b and c
• E) all of the above

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Definitions:

Leather Jackets

Clothing items made from the hides of animals, typically cows or sheep, treated for durability and aesthetics.

Whips

Flexible, often long and slender pieces of material typically made of leather or a similar substance, used either for driving animals or as a means of punishment.

Utility Function

A representation of an individual’s preference ordering over a set of outcomes, quantifying the satisfaction or happiness derived.

Cocoa

A powder made from roasted and ground cacao seeds, used in the making of chocolate, as well as in baking and in beverages.