The demand for retirement homes is price ___________________ because of O elastic; the number of close substitutes O elastic; availability of large numbers of senior only retirement communities 0 inelastic; tax breaks tailored towards the elderly. O inelastic; the number of close substitutes The Federal Funds Rate is the rate at which O the Federal Reserve lends money to member banks. 0 banks lend money to the Federal Reserve. O banks lend to one another to meet reserve requirements. 0 the Federal Reserve lends money to the US government. The reserve ratio is O the percentage of every dollar deposited in a checking account that a bank must maintain in reserves. 0 the ratio of available reserves to loans made. O the ratio of loans to available reserves. 0 the percentage of every dollar deposited in a checking account that a bank may loan out. The point of Open Market Operations is to 0 increase or decrease the money supply so as to influence interest rates. 0 influence oil prices. 0 increase or decrease the value of gold as to influence the value of foreign currency. 0 inuence stock prices