The largest component of the money supply (M1) is:
A. currency in bank vaults.
B. currency in circulation.
C. checkable deposits.
D. stock certificates.
C. checkable deposits.
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Businesses typically issue bonds to finance
A) their inventories. B) payments to their workers. C) spending on new plant and equipment. D) dividend payments to their stockholders.
The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. Both firms setting a high price is NOT a Nash equilibrium because
A) setting a high price is the dominant strategy for each firm. B) neither firm can improve its payoff by setting a low price given that the other firm is setting a high price. C) there is no dominant strategy for either firm. D) both firms can improve their payoff by setting a low price given that the other firm is setting a high price.
The _________ is the yearly number of births per 1,000 women of childbearing age
a. Fertility rate b. Marriage rate affecting birth rates c. Baby rate d. Mortality rate
Assume that there are no excess reserves in the banking system when the reserve requirement is 20%. The purchase of $10,000 in U.S. government securities by the Fed from Academy National Bank has the potential to ultimately increase the money supply by: a. $2,000
b. $8,000. c. $10,000. d. $20,000. e. $50,000.