A firm that accepts deposits from savers, and then use these deposits to make loans, is a
a. money market multiplier
b. Federal Reserve bank
c. financial intermediary, such as a bank
d. stock broker or bond broker
e. fractional reserve holder
C
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How were the initial members of EMU chosen? How will new members be admitted? What is the structure of the complex of financial and political institutions that govern economic policy in the euro zone?
What will be an ideal response?
According to the law of supply,
a. more of a good is desired by consumers as the price falls. b. less of a good is desired by consumers as the price rises. c. more of a good will be offered by suppliers as the price rises. d. less of a good will be offered by suppliers as the price rises.
The accompanying figure shows Becky's daily production possibilities curve for dresses and skirts.
Of the labeled points, only ________ are attainable.
A. T and U B. W, X, Y, Z, V, and T C. X, Y, and Z D. W, X, Y, Z, and V
Which of the following shows the accurate sequence for establishing a new equilibrium in this graph?
a. S1 moves to S2; P1 moves to P2; Q1 moves to Q2; E1 moves to E2
b. S1 moves to S2; E1 moves to E2; Q1 moves to Q2; P1 moves to P2
c. P1 moves to P2; S1 moves to S2; E1 moves to E2; Q1 moves to Q2
d. E1 moves to E2; P1 moves to P2; Q1 moves to Q2; S1 moves to S2