Which of the following forms the largest share of household holdings of financial assets?
A) corporate equities
B) bank deposits
C) pension funds reserves
D) life insurance
C
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Before 2000, the three most recent U.S. recessions occurred in
A) 1969-1973, 1979-1982, and 1994-1995. B) 1973-1975, 1982-1985, and 1990-1991. C) 1973-1975, 1981-1982, and 1990-1991. D) 1981-1982, 1990-1991, and 1998-1999.
When total revenue minus total economic cost is greater than zero, the firm is
a. earning higher than normal profits. b. earning the normal profit rate. c. making economic losses. d. earning economic profit but accounting losses.
Of the 2.2 million working farms in the U.S., _________ of them produce more than $5,000 worth of agricultural products.
A. one quarter B. half C. three quarters D. one third
Given a required reserve ratio of 10 percent for all banks, total bank reserves of $400 billion could support maximum deposits of:
A. $400 billion. B. $4,000 billion. C. $40 billion. D. $1,600 billion.