Which of the following is true?
a. Checking account deposits and time deposits constitute assets of banks
b. M2 includes M1, plus saving accounts, time deposits (except for some large-denomination certificates of deposits), and money market mutual funds.
c. reserves times the required reserve ratio equals deposits.
d. Money is destroyed when banks make loans.
b
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International trade
A) accounts for more than 90 percent of world economic activity. B) is a relatively small (about 30 percent of world output) but growing part of world economic activity. C) has been growing at about the same rate as the world economy. D) Both A and C.
During the 1990s the household savings rate in the United States as measured by NIPA
A) increased dramatically from two percent to almost six percent. B) fell sharply and was only 0.7% by the year 2004. C) increased only slightly because the federal budget deficit was finally eliminated. D) fell to two percent when a federal budget surplus appeared.
The institution of private property is supported by clear claims to ownership.
Answer the following statement true (T) or false (F)
The table below shows four different currencies and how much of each currency can be purchased with a U.S. dollar.
