Which of the following appears on the asset side of a bank's balance sheet?
a. Excess reserves.
b. Loans.
c. Required reserves.
d. All of the above.
d
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A line that slopes downward from left to right has a positive slope
a. True b. False Indicate whether the statement is true or false
Figure 4-21
At price P1 in Figure 4-21, what will tend to happen?
a.
There will be a shortage, and the price will fall.
b.
There will be a shortage, and the price will rise.
c.
There will be a surplus, and the price will rise.
d.
There will be a surplus, and the price will fall.
e.
Equilibrium will occur in the market.
Consider an example of the prisoner's dilemma where 2 firms are making sealed bids on a contract and each firm is allowed to bid either $100 or $180. If both firms bid the same price, the job is shared equally and each firm earns half the value of its bid. Otherwise the lowest bidder wins the contract and receives the full value of its bid (and the other bidder earns zero). The non-cooperative outcome in this situation is
A) both firms bid $90. B) both firms bid $180. C) both firms bid $100. D) one firm bids $100, the other firm bids $180. E) both firms bid $50.
What determines the total value of aggregate demand for U.S. real GDP?
A. the Congressional Budget Office B. the Federal Reserve Board C. Wall Street D. the spending decisions of consumers, firms, and governments