The largest component of the M1 definition of the money supply is:
a. traveler's checks.
b. savings accounts.
c. money market accounts.
d. checkable deposits
d
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The problem the agent faces when deciding which agent to hire is called
a. Adverse selection b. Moral hazard c. Both of the above d. None of the above
A decrease in demand and an increase in supply are indicated by a. Upward shifts in both curves
b. Downward shifts in both curves. c. Rightward shifts in both curves. d. Leftward shifts in both curves.
In the market for bank reserves, if the federal funds rate target is higher than the federal funds rate, the Fed will take action to ________ reserves.
Fill in the blank(s) with the appropriate word(s).
Recall the Application about how Greek citizens began to hold large amounts of cash in 2015 to answer the following question(s). According to this Application, the main concern of Greek residents was that:
A. hyperinflation could occur in the economy. B. banks would convert their accounts to drachmas and they would suffer financial losses. C. the country would switch to a gold standard. D. the Prime Minister of Greece would be impeached.