The primary purpose of the legal reserve requirement is toa. prevent banks from hoarding too much vault cash. b. provide a means by which the monetary authorities can influence the lending ability of commercial banks. c. prevent commercial banks from earning excess profits. d. provide a dependable source of interest income for commercial banks.

The correct answer is choice b.

Explanation: The primary purpose of the legal reserve requirement is to provide a means by which the monetary authorities can influence the lending ability of commercial banks. Basically, it is the Federal Reserve’s way of controlling the money supply.

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answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;