The bulk of the M1 money supply is made up of
a. silver dollars and gold bars.
b. check able deposits.
c. currency and travelers checks.
d. money market funds.
c. currency and travelers checks.
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The cash reserves held by banks that are illegal are called excess reserves
a. True b. False Indicate whether the statement is true or false
A weaker dollar will stimulate sales of U.S. exports
Indicate whether the statement is true or false.
When the government provides a legal framework,
A. Private market transactions benefit and government market transactions benefit. B. Private market transactions suffer and government market transactions benefit. C. Private market transactions suffer and government market transactions suffer. D. None of the choices are correct.
A tavern is likely to have a ________ price elasticity of supply than does an antiques dealer due to ________.
A. less elastic; a shorter adjustment time B. less elastic; a longer adjustment time C. more elastic; availability of inputs D. less elastic; availability of inputs