________: an artificial currency accounting entities to supplement reserve assets of the International Monetary Fund
Fill in the blank(s) with correct word
Special drawing rights
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The slope of the credit demand curve from the text book implies that the:
A) higher the rate of taxation, the lower the quantity of credit demanded. B) higher the real rate of interest, the higher the quantity of credit demanded. C) higher the real rate of interest, the lower the quantity of credit demanded. D) higher the rate of taxation, the higher the quantity of credit demanded.
The 1935 Act granting workers the right to form unions and bargain collectively is known as
A) the National Labor Relations Act or Wagner Act. B) the Wheeler Act. C) the Taft-Hartley Act. D) the Modernization Act.
In the long run, a monopolistically competitive industry is characterized by all of the following, except
A. firms earning zero economic profits. B. production that would exhibit lower costs per unit at higher output levels. C. an efficient use of resources. D. firms producing where price is above marginal cost.
Oksana deposits $90,000 at Flynn Bank. Flynn Bank has a required reserve ratio of 15 percent. How much money could Oksana’s deposit potentially create?
a. $76,500 b. $90,000 c. $600,000 d. $13,500