A reserve requirement of 40 percent would mean that each dollar of reserves could support ____ of demand deposits
a. $0.40
b. $1.60
c. $2.50
d. $4.00
c
Economics
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How are cap-and-trade schemes designed to reduce emissions?
What will be an ideal response?
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To maximize profit a monopolist will produce where
A) marginal revenue is equal to marginal cost. B) average total cost is equal to average revenue. C) demand for its product is unit elastic. D) revenue per unit is maximized.
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When the Fed buys Treasury securities
A) the budget deficit declines. B) the money supply decreases. C) the money supply increases. D) profits are maximized.
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Splitting up a natural monopoly into two or more smaller firms would not only lower the average cost of production but also reduce price
a. True b. False Indicate whether the statement is true or false
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