The term federal reserve notes refers to coins minted by the U.S. Treasury
Indicate whether the statement is true or false
False
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Suppose workers receive a 5 percent increase in wages and prices are rising by 5 percent. Workers will experience
A) an increase in nominal wages and a decrease in real wages. B) an increase in nominal wages and an increase in real wages. C) an increase in nominal wages but real wages are unchanged. D) a decrease in nominal wages and a decrease in real wages.
If the marginal propensity to consume is 0.8, the marginal propensity to save is:
a. 0.8 b. 0.4 c. 0.2 d. 0.3
Paper Pushers Inc. hires workers in a competitive labor market. Apart from labor, the company has no other variable inputs. The company's hourly output varies with the number of workers hired, as shown in the table. WorkersPages/hour0014027531054125514061507155 If each page sells for $2 and the market wage is $15 per hour, then this firm will hire ________ workers per hour.
A. 4 B. 6 C. 5 D. 7
The payoff method used by the FDIC to address the insolvency of a bank is when the FDIC:
A. pays the owners of the bank for the losses they would otherwise face. B. pays off the depositors up to the current $250,000 limit, so it is possible that some depositors will suffer losses. C. pays off all depositors the balances in their accounts so no depositor suffers a loss, though the owners of the bank may suffer losses. D. takes all of the assets of the bank, sells them, pays off the liabilities of the bank in full, and then replenishes their fund with any remaining balance.