Total reserves of private banks are
A) federal reserve notes.
B) all customer deposits.
C) deposits held at the Fed and vault cash.
D) the minimum amount banks need to hold against time deposits.
C
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The above figures show the market for oranges. Which figure shows the effect of changing consumer preferences for more orange juice and less coffee in the morning?
A) Figure A B) Figure B C) Figure C D) Figure D
Per capita income in China is approximately ________% of the U.S. level
A) 17 B) 80 C) 40 D) 5
If Herbert, the hair stylist, raises the price of his cuts from $13 to $15 and finds the number of cuts falls from 300 to 260, then the demand for Herbert's cuts in this range is:
a. price inelastic. b. price elastic. c. unit elastic. d. cross elastic. e. income inelastic.
The slope of the supply of loanable funds curve represents the
a. positive relation between the real interest rate and investment. b. positive relation between the real interest rate and saving. c. negative relation between the real interest rate and investment. d. negative relation between the real interest rate and saving.