Fractional reserve banking began as a search for
A. a different metallic monetary system.
B. additional sources of gold.
C. different types of borrowers.
D. additional profits.
Answer: D
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A perfectly competitive firm maximizes its profit by
A) setting its price so that it exceeds the marginal revenue. B) choosing to produce the quantity that sets MC equal to MR. C) cutting wages. D) manipulating demand.
What is meant by inflation targeting? Does the Fed engage in inflation targeting?
What will be an ideal response?
The International Monetary Fund was founded
a. in Paris in 1938 b. in New York in 1961 c. in Washington in 1971 d. in New York in 1991 e. in Bretton Woods in 1944
An appreciation in the U.S. dollar benefits which of the following groups of people?
a. all people living in the United States b. U.S. producers who export farm equipment to other countries c. U.S. consumers who buy imported automobiles d. foreigners who wish to travel to the United States e. U.S. consumers who buy U.S. goods