When a check is written on an account at Bank A and deposited in Bank B, the reserve account of __________ will rise and reserves of the entire banking system will __________
A) Bank A; rise
B) Bank A; remain constant
C) Bank B; rise
D) Bank B; remain constant
D
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From 1950-1970, labor productivity growth in the Soviet Union was driven primarily by
A) capital accumulation. B) population increases. C) total factor productivity. D) Capital, population increases, and total factor productivity contributed about equally to labor productivity growth.
The demand for money curve shows that there is an inverse relationship between the quantity of money demanded and the:
a. quantity of money supplied. b. gross domestic product (GDP). c. price level. d. interest rate.
The total assets of commercial banks in 2015 amounted to:
A. about one-half of nominal GDP in the U.S. B. three times nominal GDP in the U.S. C. about one-tenth of nominal GDP in the U.S. D. about four-fifths of nominal GDP in the U.S.
Which one of the following is part of the M2 definition of the money supply, but not part of M1?
a. Checkable deposits. b. Currency held in banks. c. Currency in circulation. d. Small time deposits of less than $100,000.