A fund in which moneys are set aside either in preset amounts or on a variable basis is referred to as a
a. sinking fund
b. serial bond
c. common bond
d. convertible bond
e. mutual fund
a. sinking fund
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Jenny buys sodas and popcorn. Sodas sell for $1 and popcorn sells for $2 a bag. Currently she is in consumer equilibrium, with the marginal utility from her last dollar spent on popcorn equal to 100 units of utility
The marginal utility from her last dollar spent on sodas is A) 20 units of utility. B) 30 units of utility. C) 50 units of utility. D) 100 units of utility.
What are the constraints on deposit creation for the banking system?
What will be an ideal response?
The classical quantity theory of money states that
A. money is a medium of exchange necessary for the efficient functioning of the economy. B. increases in the stock of money result in greater increases in the price level. C. decreases in the stock of money increase the price level. D. increases in the stock of money result in proportionate increases in the price level.
In the treatment of American exports and imports, national income accountants
A. subtract exports, but add imports, in calculating GDP. B. subtract both exports and imports in calculating GDP. C. add both exports and imports in calculating GDP. D. add exports, but subtract imports, in calculating GDP.