-Refer to Exhibit 1-2

question 109

Multiple Choice

-Refer to Exhibit 1-2.According to the data provided in this table,what is the slope of the line between points C and D,if these data were graphed with X on the horizontal axis and Y on the vertical axis?

• A) -3.00
• B) -0.33
• C) 3.00
• D) 0.33
• E) none of the above

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Definitions:

Excess Reserves

The amount of reserves that a bank holds beyond the required minimum, which can be loaned out to generate earnings.

Open Market Operations

A monetary policy tool used by central banks to control the money supply by buying or selling government securities in the open market.

Reserve Requirement Ratio

The fraction of deposits which a bank is mandated to hold in reserve, either in its own vaults or with the central bank, rather than lending to consumers.

Checkable Deposits

Bank accounts that allow the account holder to write checks or use debit cards to make payments directly from the account.