The amount of checkable deposits that banks are required by regulation to hold are the
A) excess reserves.
B) required reserves.
C) vault cash.
D) total reserves.
B
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A copyright gives the owner all of the following exclusive rights except which one?
A) distribution rights B) adaptation rights C) public performance rights D) trade secret rights
If a firm's total cost rises as output rises, then
a. marginal cost is positive b. profit cannot be maximized c. total cost is minimized d. marginal cost equals marginal revenue e. the firm should shut down in the short run
The market mechanism is more efficient in allocating resources between time periods than it is in allocating resources among different industries
a. True b. False Indicate whether the statement is true or false
If a country's trade deficit increases, then:
A. it must be buying more assets from foreigners. B. its consumption must be falling relative to its production. C. it must be selling fewer assets to foreigners. D. its consumption must be rising relative to its production.