Which credit card has a centurion visible under black light? American Express Visa MasterCard both b and c

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A: Money can be anything that can be used as a medium of exchange and that must be generally accepted.

Q: Why is the income elasticity of demand for money in precautionary motive, greater than the income…

A: In an economy , people make demand for money for different purposes such that transaction demand ,…

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A: Thank you for the question. As per BNED we can answer 1 question per session if they are unrelatedor…

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Q: The graph below shows the effect of a decrease in economic activity on the money market using a…

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Q: A) What is the notable insight of the Quantity Theory of money?

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A: The  following problem in relation to money demand and supply is answered as follows:

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A: When money demand is completely interest insensitive then the LM curve is vertical

Required Reserve and Excess Reserve Analysis

A required reserve is an amount of cash that banks must keep with themselves, which is certain percentage of the deposits made by their customers. Required reserve is a percentage of the bank's deposits that the respective bank must have on each overnight. The percentage rate is set and determined by the nation’s central bank. It is important to have such funds accumulated to meet its uncertain obligations, sudden liabilities and withdrawals. Required reserve is also known as reserve ratio. Reserve ratio is an important tool to control the money supply.