Which of the following is not counted in M1?
A) currency in circulation
B) traveler's check balances
C) coins in circulation
D) credit card balances
E) checking account balances
D
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What is scarcity, and why is it a fundamental concept in economics?
What will be an ideal response?
Which of the following types of financial institutions is required to belong to the Federal Reserve System?
a. National banks. b. State-chartered banks. c. Savings and loan institutions. d. Credit unions.
Suppose that the annual dividend per share of stock is $5.40 and the closing price of the stock is $72.50, the yield of the stock would be
A) 13.43% B) 7.45% C) 23.62% D) 8.38%
When a curve shifts, this indicates that:
A.) One variable has increased and the other has decreased. B.) A change has occurred in the underlying relationship between the two variables. C.) The slope has changed. D.) The two variables are now unrelated.