Time deposits of $100,000 or more are:
A. a component of M1.
B. a component of M2 but not of M1.
C. a component of M1 but not of M2.
D. not a component of M1 or M2.
D. not a component of M1 or M2.
You might also like to view...
Software programs have been introduced that allow you to use your personal computer like a telephone to talk to others who own the same software. One such program costs $50 to buy and allows you to make unlimited calls for free. The economics of
substitutions and complements are present in this scenario. a . Explain in economic terms the effect of these products on the market for long distance telephone service. b. Explain in economic terms the effect of these products on the market for personal computers.
Figure 9-3
?
In Figure 9-3, at $3,000 billion GDP,
A. inventories will be falling, signaling businesses to decrease production. B. inventories will be falling, signaling businesses to increase production. C. planned saving increases planned investment. D. inventories will be accumulating, signaling businesses to increase production.
Suppose Mexico and the United States are on the gold standard. If there is a half an ounce of gold in the dollar, and one quarter an ounce of gold in the peso, then the exchange rate is
A) $0.50 = 1/2 peso. B) $1 = 1/4 peso. C) $1 = 2 pesos. D) $1 = 4 pesos. E) $1 = 1/2 peso.
The trade model described in the text demonstrates that countries can expand consumption by specializing in the production of goods and services in which they have a comparative advantage
In reality we do not see complete specialization in production. State three reasons why this is case.