A U.S. commercial bank can lend 100% of its __________ reserves
Fill in the blank(s) with the appropriate word(s).
Ans: excess
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Why should anyone bother to study perfect competition since it seldom or never exists in reality?
What will be an ideal response?
By lowering the legal reserve requirement, the Federal Reserve System forces banks to hold repaid loans as required reserves instead of lending the funds again
Indicate whether the statement is true or false
National income accounts assist
A. Economic policy makers in formulating policies and evaluating performance. B. Analysts in measuring the performance of the stock market. C. Market investors in making more profitable investments. D. Individuals in maximizing their incomes.
Which of the following is true?
A) A firm's accounting profit is equal to its economic profit. B) Opportunity costs are the same as explicit costs. C) A firm's net income is the same as its accounting profit. D) If a firm's accounting profits are positive, its economic profits must also be positive.