The Reserves of the Chartered Banks Are A(n)

question 127

Multiple Choice

The reserves of the chartered banks are a(n) :

• A)asset to the chartered banks and an asset to the Bank of Canada.
• B)asset to the chartered banks and a security to the Bank of Canada.
• C)asset to the chartered banks and a liability to the Bank of Canada.
• D)liability to the chartered banks and an asset to the Bank of Canada.

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Definitions:

Marginal Revenue

The additional income obtained from selling one more unit of a product or service.

Marginal Cost

The increment in total pricing necessary for the creation of one more unit of any good or service.

Marginal Revenue

The supplementary earnings obtained by selling an extra unit of a good or service.

Marginal Revenue Curve

A graphical representation showing the additional revenue that is generated by selling one more unit of a good or service.