Which of the following is true about the Monetary Control Act of 1980?
A. It placed credit unions, mutual savings banks, and nonmember banks under regulatory institutions other than the Fed.
B. It deregulated the banking industry.
C. It further restricted the Federal Reserve's control of the banking system.
D. It reduced the distinction between different types of depository institutions.
Answer: D
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Which of the following statement(s) most likely describes the outcome of a change in price?
a. A change in the price of a good never causes the demand curve for that good to shift. b. A change in the price of a good never causes the demand or supply curve for that good to shift. c. A change in the price of a good never causes the supply curve for that good to shift. d. A change in the price of a good causes the demand and supply curves for that good to shift.
Bank reserves that exceed the reserve requirements set by the central bank are called:
A. total reserves B. legal reserves C. required reserves D. excess reserves
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3. B. -3/4. C. -1.5. D. -20.
Which of the following statements is TRUE about the relationship among external, internal and social costs?
A) Social costs will always be higher than external costs. B) Social costs will always be higher than internal costs. C) Internal costs will always be higher than external costs. D) Internal costs will never equal external costs.