In reading the stock market quotes in the newspaper, the column with the heading "Ticker" gives the
A) number of shares of the stock traded that day.
B) the full name of the company whose stock is being studied.
C) stock symbol for the company.
D) highest price the stock has sold for in the past year.
C
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If an economy is operating inefficiently, then
A. the economy can increase production of consumption goods without reducing capital goods. B. there is always a positive opportunity cost to increasing output. C. output can only be increased through capital investment. D. output cannot be increased.
Suppose a bank has $100,000 in checking account deposits with no excess reserves and the required reserve ratio is 5 percent. If the Federal Reserve lowers the required reserve ratio to 3 percent, then the bank will now have excess reserves of
A) $0. B) $2,000. C) $3,000. D) $5,000.
During the Civil War, the government faced two classic problems: How to acquire the financial resources it needed to carry on the affairs of government and, at the same time, stabilize the monetary system. It solved this dual problem by creating
a. Continental currency which soon rapidly depreciated b. the Second Bank of the United States c. a national banking system by enacting the National Bank Act d. the Exchequer of the Currency department to abolish the national currency e. speculative land notes that could easily be converted to gold
Economics is most precisely defined as
A) a study of what people need to survive.
B) a study of how culture evolves in different geographic areas.
C) the same as the study of finance and management.
D) the study of how people make choices.