Which of the following is responsible for holding bank reserves?
A. The Federal Reserve Board of Governors.
B. The 12 regional Federal Reserve banks.
C. The Executive Branch of government.
D. The Fed chairman.
B. The 12 regional Federal Reserve banks.
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Fred's Widget Company has purchased $500,000 in equipment, which can be sold for a salvage value of $300,000 at any time. The best interest rate on alternative investments is 5%
What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?
Firms in perfect competition are often described as price
A. takers. B. makers. C. setters. D. leaders.
Governance of a firm is not related to transparency issues
Indicate whether the statement is true or false
Refer to the table shown. If the number of workers is three, total output is:Number of workersMarginal product of workers1225394145166177188189171015
A. 16. B. 27. C. 9. D. 36.