For a small bank in a large banking system, excess reserves are equal to the
A. The difference between transactions account balances and loans.
B. The amount of loans a bank can make after meeting the reserve requirement.
C. Amount of money that the U.S. Treasury makes available for loans.
D. The amount of reserves that a bank must hold equal to the loans that it makes.
Answer: B
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The demand for bus service is perfectly elastic at a price of $1.00 a ride. The table above shows the bus company's marginal cost and the marginal social cost of the bus service. The competitive quantity of bus rides per week is ________
A) 100 B) 200 C) 300 D) 500
Each of the 15 members of the European Union that joined before May 2004 use the euro as their currency
Indicate whether the statement is true or false
From 1980 to 2000, the yen—dollar exchange rate fell from 240 yen/dollar to 102 yen/dollar, while the dollar—pound exchange rate fell from 2.22 dollars/pound to 1.62 dollars/pound. As a result
A) the dollar appreciated relative to the yen, but depreciated relative to the pound. B) the dollar depreciated relative to the yen, but appreciated relative to the pound. C) the dollar appreciated relative to both the yen and the pound. D) the dollar depreciated relative to both the yen and the pound.
In 1996, if nominal GDP was about $8.5 thousand billion. The stock of money was
A. about the same as this. B. much less than this. C. much more than this. D. unrelated to this number.