The above table presents the balance sheet of the TBK commercial bank. What is this bank's actual reserve ratio?
A) 50 percent
B) 12 percent
C) 20 percent
D) 17.14 percent
C
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Universities tend to set tuition high and then, through financial aid, effectively charge each student a different price for education. Financial aid statements allow the university to determine the student's financial status and set an appropriate price to charge the student. This situation is an example of
a. first-degree price discrimination. b. second-degree price discrimination. c. third-degree price discrimination. d. a two-part tariff.
The problem causing most recessions is too little
A) spending. B) taxes. C) money (currency plus checking accounts). D) unemployment.
Sally Jones lost her job at a steel company because of a permanent decline in the demand for steel. Sally Jones is considered by economists to be
A) naturally unemployed. B) cyclically unemployed. C) structurally unemployed. D) frictionally unemployed.
What happens in public schools when government funds subsidize education?
A. The quality of education rises. B. The cost of providing the education is more than what the students pays. C. There is a shortage of schools. D. The cost of providing the education is less than what the student pays.