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 (-5[1])entities, which is often graphed (-5[1])against the interest rate. A minimum requirement for the size of these entities, often expressed as a percentage (10[1])of liabilities, forms a system named for their (10[1])“fractional” variety. For 10 points, name these deposits made by banks to the central bank. (10[1])■END■ (0[1])

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

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Buzzes

PlayerTeamOpponentBuzz PositionValue
Dan NiTOADStatler and Waldorfesque Former Penn Bowl Editors80-5
Forrest WeintraubOh you like geography? Name every Forrest.bruh85-5
Will AlstonWe joppingKhalil v Carbolic Shisha Ball Co10310
Jason GolfinosIll-Advised BuzzWhy the Kremlin Hates Bananas11110
Aseem KeyalbruhOh you like geography? Name every Forrest.12610
Tomás Aguilar-FragaStatler and Waldorfesque Former Penn Bowl EditorsTOAD1270

Summary

2024 Penn Bowl Playtest10/12/2024Y475%0%50%113.33
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