When commercial banks use excess reserves to buy government securities from the public, Multiple Choice new money is created. commercial bank reserves increase. the money supply falls. checkable deposits decline.

Bulldog holdings is a u.s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship