Lowering the Reserve Ratio

question 97

Multiple Choice

Lowering the reserve ratio:

• A) Increases the total reserves in the banking system
• B) Also reduces the discount rate
• C) Turns required reserves into excess reserves
• D) Reduces the amount of excess reserves the banks keep

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Taft-Hartley Act

In 1947, the United States passed a federal legislation that curtails the functions and influence of labor unions.

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