If the Fed wants to lower the federal funds rate through open market operations, it ________
A) decreases tax rates B) increases tax rates C) sells bonds D) buys bonds
D
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The major role of a commercial bank is to
A) make mortgage loans. B) sell shares and use the proceeds to buy stocks. C) receive deposits and make loans. D) restrain the growth of the quantity of money.
If the supply curve is perfectly elastic, then an increase in demand will: a. increase both the price and the quantity exchanged
b. increase the price but result in no change in the quantity exchanged. c. increase the quantity exchanged but result in no change in the price. d. decrease the price but not change the quantity exchanged.
When you pay for some purchase with a check, cash must be transferred to another account to pay for the check
a. True b. False Indicate whether the statement is true or false
Which of the following statements best reflects the law of diminishing marginal utility?
What will be an ideal response?