What is an example of the bidder's curse?
A) addiction to auctions
B) paying less than the auctioned good value
C) Bid a value that is higher than the price of the good at a retail store.
D) Never win an auction.
C
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A change in the reserve requirement affects:
A. The money multiplier and excess reserves. B. Excess reserves and the discount rate. C. The discount rate and the federal funds rate. D. The money multiplier and the federal funds rate.
Rising savings rates in emerging countries in the period 2000-2008 are associated with both falling and rising mortgage interest rates in the United States
Indicate whether the statement is true or false
A shift in demand occurs when
A) the price of that good changes. B) the amount demanded of a good changes at each existing price. C) there is a change in quantity demanded. D) the price changes and the good is a normal good.
Legal reserves are
A. vault cash plus Treasury notes. B. funds that banks have on reserve with their district Federal Reserve Bank plus vault cash. C. Treasury notes, vault cash, and demand deposits. D. Treasury notes plus demand deposits.