Question: Question 1 2 pts All else being equal, a decrease in customers' checking account balance of a commercial bank increases the bank's excess reserve. O

Question 1 2 pts All else being equal, a decrease in customers' checking account balance of a commercial bank increases the bank's excess reserve. O True O False N Question 2 2 pts A noncallable bond sells at a discount below its principal amount. This means the effective annual yield-to-maturity of the bond is at a discount to (.e., below) its annual coupon rate. True O False

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