The reserve ratio is the ratio of:
a. Federal Reserve member banks to nonmember banks.
b. Federal Reserve nonmember banks to member banks.
c. Federal Reserve member banks to all U.S. banks
d. a bank's total deposits to its reserves.
e. a bank's reserves to its total deposits.
e
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One of the reasons that a firm can be ________ efficient than a market is that the firm ________
A) more; does not have any economies of scale B) more; lowers transactions costs C) less; has economies of scope D) less; produces lower profits
Prices of money market instruments undergo the least price fluctuations because of
A) the short terms to maturity for the securities. B) the heavy regulations in the industry. C) the price ceiling imposed by government regulators. D) the lack of competition in the market.
The more complicated the process used to produce a good,
a. the greater are the transaction costs of organizing production through markets b. the lower are the transaction costs of organizing production through markets c. the less likely a firm will use administrative controls to organize the production process d. the more likely a firm will use the market to organize the production process e. the more likely consumers will choose to purchase the good over other alternatives in the market
Contractionary fiscal policy may have some undesirable consequences. Among these is
a. higher unemployment. b. higher inflation. c. higher net exports. d. larger federal deficits.