Which of the following can be described as when a bank buying securities owned by a business while agreeing to sell them back at a later date?
A) repurchase agreement
B) reverse repurchase agreement
C) federal funds
D) discount loans
B
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In economic terminology, what is the meaning of investment?
What will be an ideal response?
If the money supply is $1 billion, the reserve requirement is 10%, and currency holding $50 million, then reserves are
a. $50 million. b. $100 million. c. $20 million. d. $40 million. e. none of the above
An increase in consumer pessimism will lead to increased inflation in
What will be an ideal response?
A firm's supply curve is upsloping because:
A. the expansion of production necessitates the use of qualitatively inferior inputs. B. mass production economies are associated with larger levels of output. C. consumers envision a positive relationship between price and quality. D. beyond some point the production costs of additional units of output will rise.