Which of the following is NOT an asset of a bank?
A. transaction deposits
B. total reserves
C. cash
D. loans
Answer: A
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The field of macroeconomics developed when economists looked for causes of:
A. the wealth of nations. B. the Great Depression C. poverty and inflation. D. World War I.
Suppose a Canadian investor buys a one-year U.S. government bond that pays 7 percent interest. If the U.S. dollar appreciates 4 percent against the Canadian dollar during the year, what must be the yield on a comparable Canadian government bond for interest rate parity to hold?
a. 3 percent b. 4 percent c. 7 percent d. 10 percent e. 11 percent
The excess burden of an excise tax is
a. greater the more inelastic the supply curve. b. greater the more elastic the demand curve. c. smaller the more elastic the supply curve. d. greater the more inelastic the demand curve.
For policymakers, the problem with a recessionary gap is ________ and the problem with an expansionary gap is ________.
A. an increase in cyclical unemployment; an increase in structural unemployment B. an increase in structural unemployment; an increase in cyclical unemployment C. wasted resources; a tendency for inflation to increase D. a tendency for inflation to increase; wasted resources