Which of the following assets yields a 0 percent return?
A) U.S. Treasury Bills
B) Excess reserves
C) Deposits with correspondent banks
D) Municipal bonds
B
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________ refers to the time until debt must be repaid
A) Dividend B) Principal C) Maturity D) Time value of money
Which of the following is a difference between a perfectly competitive market and a monopoly?
A) There are huge barriers to entry in a perfectly competitive market, while there are no barriers to entry in a monopoly. B) The sellers in a perfectly competitive market are price makers, while a seller in a monopoly market is a price taker. C) The equilibrium price in a perfectly competitive market exceeds marginal revenue, while the equilibrium price in a monopoly equals marginal revenue. D) The market demand curve faced by a perfectly competitive firm is horizontal, while the market demand curve in a monopoly is downward-sloping.
Which of the following is NOT a characteristic of monopolistic competition?
A. marginal cost pricing in the long run B. differentiated products C. the existence of advertising D. a large number of sellers in a highly competitive market
Economists use the term ________ to refer to the creation of new capital.
A. finance B. entrepreneurship C. investment D. depreciation