Over half of U.S. currency is
A) held abroad.
B) used in the underground economy.
C) held by banks as reserves.
D) held by businesses, especially retailers, for making transactions.
A
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The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
One year, the government boosted regulated taxi fares in New York City by 15 percent with the expectation that the total revenue from taxi rides would also increase by 15 percent
The taxi commission that authorized this fare increase must have believed that the demand for taxi service was A) elastic, but not perfectly elastic. B) inelastic, but not perfectly inelastic. C) unit elastic. D) perfectly inelastic.
A written agreement where each party is bound to provide other parties with goods, services, or financial consideration in exchange for other goods, services, or financial considerations is a
A. copyright. B. patent. C. tangible asset. D. trademark.
If your assets are highly liquid, this means you can make transactions on short notice
Indicate whether the statement is true or false