The opportunity cost of holding money
A) refers to the amount of paper currency held by the Fed.
B) is measured by the alternative interest yield obtainable by holding some other asset.
C) is based on the fiduciary monetary system.
D) refers to the Fed's role as the lender of last resort.
B
You might also like to view...
Conceptually, the efficient level of carbon emissions is the level for which
A) the marginal benefit of reducing carbon emissions is maximized. B) the marginal benefit of reducing carbon emissions is minimized and the marginal cost of reducing carbon emissions is maximized. C) the marginal benefit of reducing carbon emissions is equal to the marginal cost of reducing carbon emissions. D) the marginal cost of reducing carbon emissions is minimized.
Refer to Figure 16-6. Sensei's friend, Marcel, suggests that he charge a one-time membership fee to use the martial arts school, in addition to a per-class charge
Suppose Sensei charges the monopoly price for each class and also imposes a one-time membership fee. What is the maximum amount of revenue from the membership fee he can collect from all his customers? A) an amount equal to the area A + B B) an amount equal to the area H + G C) an amount equal to the area E + F D) an amount equal to the area A + C + H
Which of the following did the Fair Labor Standards Act (FLSA) of 1938 not accomplish?
a. Lowered the maximum work week to 44 hours for many industries. b. Outlawed companies' rights to break union strikes. c. Prohibited many forms of child labor. d. Set a minimum wage for laborers.
Which of the following financial investments is highly liquid and has very little risk but offers a low rate of return?
a. Savings account b. Mutual fund c. Certificate of deposit d. Treasury bond