To create a new company data file in QuickBooks, use the:
a. Company menu > New Company
b. Company section of the Home page > New Company
c. File menu > Open or Copy Company
d. File menu > New Company
d. File menu > New Company
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If the demand for a commodity is perfectly elastic, a downward shift in supply will result in lower prices
Indicate whether the statement is true or false
After the Fed sells a government bond, which of the following is the impetus for the money supply process that follows?
a. Banks now have excess reserves. b. Banks now have deficient reserves. c. Banks must print money to purchase the bonds. d. Banks now have to hold more required reserves. e. Banks now must be regulated closely.
Holding $10 in your pocket to purchase a piping hot pizza illustrates the
A) speculative demand for money. B) transfer demand for money. C) precautionary demand for money. D) transactions demand for money.
Suppose an economist says that "other things equal, the lower the price of bananas, the greater the amount of bananas purchased." This statement indicates that:
A. the quantity of bananas purchased determines the price of bananas. B. all factors other than the price of bananas (for example, consumer tastes and incomes) are assumed to be constant. C. economists can conduct controlled laboratory experiments. D. one cannot generalize about the relationship between the price of bananas and the quantity purchased.