Why are U.S. government securities referred to as a bank's secondary reserves?
A) Their current market value may count toward meeting a bank's legal reserve requirements.
B) They are very liquid.
C) Banks are legally required to hold a certain minimum amount of these securities.
D) They are the same thing as vault cash.
B
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The benefit received from the continuance of an environmental good is called
a. user value c. existence value b. stewardship d. vicarious consumption
An increase in the minimum wage to $15 per hour would lead to
A) an increase in search activity for many workers. B) a decrease in search activity for many workers. C) a decrease in unemployment. D) no change in unemployment. E) no change in employment.
Characteristics of the Swiss health care system include:
a. a nationalized hospital system where most clinicians are government employees. b. long waiting lists for all elective surgeries. c. individual insurance policies with age-related premiums issued at birth. d. the ability to "opt out" of the government-run health insurance system and seek private coverage. e. government-run insurance coverage financed via payroll taxes.
The case against advertising includes the fact that
A. firms spend large sums of money to create artificial differences among products. B. it increases competition by decreasing barriers to entry of new firms into an industry. C. it provides consumers with valuable information about product availability, quality, and price. D. it ensures high quality and efficient production.