Which one of the following is not a function of a Central Bank?
(a) Issuer of currency.
(b) Banker to the general public.
(c) Banker to the government.
(d) Lender of last resort.
Answer: (b) Banker to the general public.
You might also like to view...
Refer to the information provided in Figure 6.15 below to answer the question that follows.
Figure 6.15Refer to Figure 6.15. Why is Jason not maximizing his utility at point C?
A. He is not spending his entire budget. B. His marginal utility per dollar spent on the last sandwich is greater than his marginal utility per dollar spent on his last hot dog. C. His marginal utility per dollar spent on the last sandwich is less than his marginal utility per dollar spent on his last hot dog. D. He is maximizing his utility at point C.
What is the short-run industry supply curve in a perfectly competitive industry?
What will be an ideal response?
In long-run equilibrium, the typical perfectly competitive firm has no incentive to:
a. change output. b. change plant size. c. enter or leave the industry. d. do any of these.
According to the U.S. Bureau of Economic Analysis, by the third quarter of 2014, foreign investors had accumulated ________ of U.S. assets.
a. $30.8 billion b. $30.8 trillion c. $24.6 trillion d. $2.46 trillion