Which of the following is not a component of the M1 money supply?
A. demand deposits
B. large-denomination (more than $100) bills
C. interest-earning checking deposits
D. outstanding balances on credit cards
Answer: D
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Deadweight costs in an exchange are costs
A) charged for free goods. B) imposed by government, such as taxes or safety requirements. C) that have no effect on either the quantity demanded or the quantity supplied. D) that have nothing to do with the sacrifice of valuable opportunities. E) to the buyer that are not simultaneously benefits to the seller.
An instance in US history when SRAS increased was
a. The Great Depression (1930s) b. WWII (early 40s) c. OPEC (70s) d. Tech Boom (90s)
A bank's reserves include:
A. the bank's loan portfolio. B. U.S. Treasury Securities. C. vault cash. D. U.S. Treasury bills and vault cash.
The effect of opening trade between countries is
A. living standards rise in the country with efficient, high-pay workers. B. both countries can exploit comparative advantage and increase productivity. C. total world production increases as both countries specialize in specific goods. D. All of the above are correct.