When we hear on the news, "The Fed has lowered interest rates today," the Fed has most likely
A) raised the discount rate.
B) lowered the required reserve ratio.
C) raised the federal funds rate.
D) purchased government bonds.
D
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Among the opportunity costs of a firm are all of the following EXCEPT
A) the owner's forgone wage. B) costs of resources bought in markets, such as labor. C) normal profits. D) economic profits.
The standard deviation around an expected value is a useful measure of
A) expected value of an asset. B) economic value of an asset. C) the difference between the best-case return of an asset and its worst-case return. D) deviation of an asset's actual returns from its expected returns.
In commercial banking operations, there is a trade-off between liquidity and profitability
a. True b. False Indicate whether the statement is true or false
When a demand curve is linear,
A. the elasticity is constant at all prices. B. demand is elastic at high prices. C. demand is unitary elastic at low prices. D. the elasticity is the same as the slope of the demand curve.