Question

The demand curve for these entities becomes nearly horizontal near the equilibrium of the floor model, unlike in the corridor model. The demand curve for these entities is a downward-sloping logistic curve with bounds of i-sub-r and i-sub-b, which intersects their vertical supply curve. A simple expression for the money multiplier is the reciprocal of a ratio named for these entities, whose excess sometimes has a negative interest rate to encourage lending. (*) Open market operations traditionally change the quantity of these entities, (-5[3])which is often graphed against (-5[1])the interest rate. A minimum requirement for the size of these entities, often expressed as a percentage of liabilities, forms a system named for their “fractional” variety. For 10 (10[1])points, name these deposits made by banks to the central bank. ■END■ (10[1]0[2])

ANSWER: bank reserves [accept cash reserves; prompt on descriptions such as money held by banks or cash in banks; do not accept or prompt on “The Federal Reserve” or “The Fed”]
<Benjamin McAvoy-Bickford, Social Science>
= Average correct buzz position

Back to tossups

Buzzes

PlayerTeamOpponentBuzz PositionValue
Drew McIlveenOhio State CCarnegie Mellon81-5
Aryan DesarapuMichigan AMichigan B81-5
Arthur StadlinOhio State AOhio State B81-5
Jon ParikhPittsburghMichigan State86-5
Stevie MillerCarnegie MellonOhio State C11510
Kevin ZhengMichigan BMichigan A12710
Matthew LamOhio State BOhio State A1270
Raifton BartlingMichigan StatePittsburgh1270

Summary

2024 Penn Bowl Berkeley11/02/2024Y2100%0%50%111.50
2024 Penn Bowl CWRU11/02/2024Y450%0%100%121.00
2024 Penn Bowl Chicago11/02/2024Y757%14%43%96.50
2024 Penn Bowl Mainsite11/02/2024Y367%33%67%96.50
2024 Penn Bowl Texas11/02/2024Y250%50%0%68.00