The following figures are for the banking system. Deposits at the central bank = 400 U.S. Government Securities = 600 Transactions Deposits = 1,700 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 380 Borrowing from the Federal Reserve = 250 Cash in the Vault = 150 The reserve ratio on transactions deposits = 10% Currency in circulation = 10 The monetary base equals:
a. A multiple of 80
b. A multiple of 250
c. 560
d. Cannot be determined with this information.
e. 1,700
.C
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Which one of the following statements concerning the Second Bank of the United States is not true?
a. It was created five years after the demise of the First Bank of the United States. b. It had the right to issue its own notes. c. It pressed for sounder specie backing of bank notes. d. Its notes became the most widely accepted currency in the nation. e. It faced strong regional resistance in the North.
Which of the following is an example of a nondurable good?
a. ice cream b. silverware c. motorcycle d. chair
Answer the following statements true (T) or false (F)
1) When each firm uses the strategy that maximizes its profit, it is possible for the equilibrium result to yield the worst possible joint equilibrium for all firms. 2) If Best Lights and Bright Lights are competing in a duopoly, Best Lights' profit depends solely on the decisions of its managers. 3) Every dominant strategy equilibrium is a Nash equilibrium, but not every Nash equilibrium is a dominant strategy equilibrium. 4) Cheap talk helps firms cooperate and earn higher profit. 5) If two players are in a finitely repeated game and both players know the final period, cooperation is not possible due to the end-period problem.
Since the specification of a poverty standard is an imprecise endeavor, it is a useless exercise
Indicate whether the statement is true or false