An IOU held by a bank, and signed by a customer is a liability
a. True
b. False
Indicate whether the statement is true or false
False
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Given the following information about AAA bank:
Bank Deposits $200,000 Loans 100,000 Required Reserves 40,000 Excess Reserves 60,000 What is the reserve ratio? A) 50 percent B) 40 percent C) 20 percent D) 10 percent
Antitrust enforcement of vertical relationships is generally focused on
a. The dominant firm using vertical contracts to extend market power to other levels of the supply chain b. Vertical contracts that increase the intensity of competition c. Vertical contracts that help consumers d. All of the above
A spending shock typically involves a dramatic reduction in spending in virtually all sectors of the economy simultaneously
a. True b. False
Many economists believe the bias in the CPI is now only about half as large as it once was
a. True b. False Indicate whether the statement is true or false