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, (-5[1])whose excess sometimes (-5[1])has a negative interest rate to encourage lending. (*) Open market operations traditionally change the quantity of these entities, which is often graphed against the interest rate. (-5[1])A minimum (-5[1])requirement for the size of these entities, often expressed as a percentage of liabilities, forms a system named for their “fractional” variety. For 10 points, name these deposits made by banks to the central bank. ■END■ (10[2])

ANSWER: bank reserves [accept cash reserves; 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
Jon SuhHarvard AHarvard B60-5
Ethan LinnTuftsMIT63-5
Iyanu NafiuYale BYale A89-5
Eren MicheletBUBrandeis91-5
Christopher DechBrandeisBU12710
Matthew SiffYale AYale B12710

Summary

2024 Penn Bowl Florida10/26/2024Y250%0%50%127.00
2024 Penn Bowl Harvard10/26/2024Y450%0%100%127.00
2024 Penn Bowl UK10/26/2024Y4100%0%75%125.00
2024 Penn Bowl UNC10/26/2024Y367%67%33%64.50