Whenever prices are rising, the inflation rate is rising
a. True
b. False
B
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The primary objective of a cartel is to:
A) maximize the amount of profit received by each member of the organization. B) maximize the joint profits of the members of the organization. C) ensure each member of the organization some minimum amount of profit. D) maximize the average profits of the members of the organization.
Explanations for the high saving rate in China consistent with the life-cycle reason for saving include:
A. few opportunities to borrow funds for education or paying for a house. B. the desire to leave resources to children who provide support and attention to parents in their old age. C. China's limited social safety net provides most people with little protection against health problems and medical costs. D. low unemployment rates in China.
Suppose Marquette Bank and Trust has $10 million in total deposits and the required reserve ratio is 7%. How many dollars must the bank keep in its vaults or on deposit at a Federal Reserve Bank?
A) $9.3 million B) $7 million C) $930,000 D) $700,000 E) None of the above—it's the bank's own choice.
Special Drawing Rights are financial assets created by
(a) the World Bank. (b) the United National Development Program. (c) multinational corporations. (d) the International Monetary Fund.