When a $1,000 check written on the Chase Bank is deposited in an account at the Bank of America the:
a. Liabilities of Chase rise by $1,000.
b. Reserves of Chase fall by $1,000.
c. Liabilities of the Bank of America fall by $1,000.
d. Reserves of the Bank of America fall by $1,000.
e. All the above.
.B
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Which of the following leads to a deadweight loss? i. overproduction ii. underproduction iii. taxes iv. monopoly
A) ii only B) iii and iv C) i and ii D) i, ii, iii, and iv E) i, ii, and iii
Which of the following would help to avert a healthcare crisis?
a. requiring employers to pick up 100 percent of the healthcare costs for their employees b. discouraging medical savings accounts since these provide additional funds for medical care, and therefore, they are likely to drive up medical prices c. discouraging the purchase of health insurance plans with small co-payments d. structural changes that would increase the competitiveness of the health insurance and medical services markets
Refer to the figure below. Assume the market is originally at point W. Movement to point X is the result of:
A. an increase in supply and an increase in demand. B. an increase in demand and an increase in quantity supplied. C. a decrease in supply and an increase in quantity demanded. D. an increase in supply and an increase in quantity demanded.
Government goods are provided to the consumer at a zero price. This means that
A. the cost to society is zero. B. the cost of the goods is the value of the resources used to produce the good. C. people are getting something for nothing. D. the political system is run by proportional rule.