Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview
b. leaving a big tip for the waiter after a dinner date
c. offering a cheap engagement ring to your bride
d. Visiting the beauty salon before a big date
b
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If the required reserve ratio is 5 percent, then the simple deposit multiplier is
A) 2. B) 5. C) 10. D) 20.
State the law of demand and illustrate it. Explain what is meant by the term "price" in the law of demand
What will be an ideal response?
Sarah has just deposited $1,000 in her checking account. She knows that the bank will keep part of these funds on hand and loan out the rest. This is an example of
A. fractional reserve banking. B. a sweep account. C. the Federal Reserve System. D. excess reserves.
If a price ceiling is set below the equilibrium price,
A. demand will be less than supply. B. there will be a shortage. C. there will be a surplus. D. quantity demanded will equal quantity supplied.