A bank's reserves include its
A. vault cash and deposits with the Federal Reserve.
B. holdings of government bonds and corporate stocks.
C. checkable deposits and holdings of government bonds.
D. tellers who are ready and able to work if there is a strike by the regular tellers.
A. vault cash and deposits with the Federal Reserve.
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Use the following graph for a competitive market to answer the question below.
Assume the government imposes a $3 tax on buyers, which results in a shift of the demand curve from D1 to D2. The amount of the tax paid by the seller is
A. $3. B. $1. C. $2. D. $8.
If you have a mortgage on your house at 6 percent and the inflation rate when the mortgage was acquired was 3 percent but has since increased and is now 8 percent per year; the current real interest rate is
A) -2 percent per year. B) 8 percent per year. C) 6 percent per year. D) 0 percent per year. E) 14 percent per year.
Which of the following is considered a depository institution?
I. the U.S. Treasury II. a commercial bank like Citibank III. a credit union for federal government employees A) I only B) I and II C) II and III D) I, II and III
For a firm to be able to engage in price discrimination, it must
A) face a downward sloping demand curve. B) produce more than one product. C) have customers of different levels of wealth and age. D) have economies of scale.