Answer: c). Required reserves = $0
Explanation: Reserve requirement is a Central Bank mandate imposed on all banks under which they must keep a certain fraction of their deposits as reserves with the Fed. These reserves are known as Required reserves.
Since, in this case the bank is borrowing $100,000 from the Fed it does not have to keep any reserves on this amount. Reserves are to kept only from deposits that the Bank has and not from loan borrowed by the bank.
Thus, the correct option will be required reserves is $0.
Payment history has the greatest impact on your credit score.
Answer Choices:
A. is staffed by accountants, economists, tax lawyers
B. keeps Congress well informed on international affairs
C. was created by Article III of the Constitution
D. consents to treaties and trade agreements negotiated by the President
Answer:
A.
Answer: Option C
Explanation: Usually the demand for the goods tends to be more elastic in long run rather than the short run. In case of oil, it is not a necessary good for the daily lives of the individuals and one can survive without it and can use alternatives.
Therefore, in the long run it is more elastic as individuals will move to the alternatives of oil if its price remains high.
Hence from the above we can conclude that the correct option is C.