Homework due Thursday, November 12
Economics in Our Times, pp 282-288
Terms to Know: total reserves
required reserves
excess reserves
reserve requirement
Research and write a paragraph on the following question: (HINT: see WSJ, 9/22/09, “Taxes,
Depression, and Our Current Troubles”, and EIOT, p. 284)
What did the Federal Reserve Bank do wrong in the Great Depression?
Write answers to the following questions:
Learning Check, p. 289, 1-4
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