Suppose you get a tax refund of $20,000 and instead of spending it on items that had been on your wish list for two years, you put it all in your checking account at the First National Bank of Urbana. And if that deposit allows the bank to loan out $17,000 . then the potential money multiplier must be
a. 0.067
b. 0.117
c. 0.667
d. 1.176
e. 6.667
E
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Another name for the money of checking accounts is
A. certificates of deposit. B. time deposits. C. demand deposits. D. bank notes.
Which of the following is a law passed in the last 15 years relating to health care?
A. Establishment of health maintenance organizations to reduce health care costs. B. Establishment of deductibles and copayments in health insurance policies. C. Establishment of health savings accounts (HSAs) to promote saving for routine medical expenses. D. Establishment of fixed Medicare payment to hospitals based on one of several hundred diagnostic categories.
"Unit elasticity of demand can be found everywhere along a straight-line demand curve with a slope of -1." Do you agree or disagree? Explain
What will be an ideal response?
Buying insurance can create a moral hazard
Indicate whether the statement is true or false