Who organized the Bank of the United States?
A) Alexander Hamilton
B) George Washington
C) Andrew Jackson
D) Woodrow Wilson
A
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The largest category of commercial banks' assets is
A) securities. B) reserves. C) currency. D) checkable deposits. E) loans.
The slope of the budget line is equal to the ratio of:
a. marginal utilities. b. money income to the price of the good on the horizontal axis. c. money income to the price of the good on the vertical axis. d. price of the good on the horizontal axis to the price of the good on the vertical axis.
A decrease in the supply of dollars to holders of Mexican pesos would cause the:
a. equilibrium quantity of dollars to decrease. b. equilibrium quantity of dollars to increase. c. equilibrium quantity to remain unchanged. d. all of these.
Related to the Economics in Practice on p. 716: By 2001, the majority of the fishing fleet in the Indian state of Kerala had mobile phones. As a result of the introduction of mobile phone service, ________ in this fishing industry was virtually eliminated.
A. waste B. profit C. human capital D. competition