Bank depositors will not lose their deposits in a banking panic if:
A. the actual reserve-deposit ratio equals the desired reserve-deposit ratio.
B. there is 100 percent reserve banking.
C. there is a central bank.
D. there is fractional reserve banking.
Answer: B
You might also like to view...
Keesha consumes only milkshakes and burgers. At her consumer equilibrium, which of the following is TRUE when Keesha can buy any portion of a unit of a milkshake or burger?
A) The marginal utility per dollar from a milkshake will exceed the marginal utility per dollar from a burger if she likes burgers more than milkshakes. B) The marginal utility per dollar from a burger will exceed the marginal utility per dollar from a milkshake if she likes burgers more than milkshakes. C) The marginal utility per dollar will be the same for each good. D) The marginal utility will be the same for each good.
Which of the following is a source of market failure?
A) an inequitable income distribution B) unforeseen circumstances which leads to the bankruptcy of many firms C) a lack of government intervention in a market D) incomplete property rights or inability to enforce property rights
If Al has an absolute advantage over Beth in preparing meals, then:
A. the problem of scarcity applies to Beth but not to Al. B. Al's opportunity cost of preparing a meal is lower than is Beth's. C. Al can prepare more meals in a given time period than Beth. D. it takes Al more time to prepare a meal than Beth.
Which of the following is an example of a positive statement?
a. If drug prices increase, the government should offer free drugs to seniors. b. If income taxes increase, the government should offer rebates. c. If the price of apples increases, stores should put them on sale. d. If the price of movie tickets increases, theatrical attendance will decrease.