Vault Cash Is

question 82

Multiple Choice

Vault cash is:

• A)Equal to the total amount of reserves and is an asset of the central bank
• B)Not reserves but is a liability of the central bank
• C)A part of reserves and an asset of commercial banks
• D)Not reserves but is an asset of central banks

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Definitions:

Macroeconomist

An economist specializing in the study of large-scale economic factors and phenomena, including inflation, unemployment, and national income.

Foreign Competition

The competitive pressure that domestic companies face from international firms in either domestic or global markets.

Macroeconomist

An economist who specializes in macroeconomics, the branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

Normative Statement

Statements that express an opinion or a value judgment, often involving what ought to be rather than what is.