If total reserves for a bank are $12,000, excess reserves are $2,000, and demand deposits are $100,000, the money multiplier must be
A. 10.
B. 15.
C. 5.
D. 20.
Answer: A
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Foreign direct investment implies that the investor obtains ________ share in a foreign company's ownership
A) less than 1 percent B) less than 5 percent C) less than 10 percent D) none of the above
The expectation of a higher inflation rate will cause: a. the short-run Phillips curve to become vertical. b. the short-run Phillips curve to shift leftward
c. a movement up along a short-run Phillips curve. d. the short-run Phillips curve to shift rightward.
If a bank sells off all of its assets and pays all of its liabilities, the amount remaining would be its:
A. net profit. B. reserves. C. excess reserves. D. net worth.
Depreciation is subtracted from GNP to determine
A) net national product (NNP). B) net GDP. C) net imbalance on exports. D) net income.