When bankers make loans they do not have an adverse selection problem
Indicate whether the statement is true or false
False
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The existence of a union
A) has no effect on labor supply and demand. B) affects labor supply only. C) affects labor demand only. D) can affect both labor supply and labor demand.
The quantity of reserves demanded equals
A) required reserves plus borrowed reserves. B) excess reserves plus borrowed reserves. C) required reserves plus excess reserves. D) total reserves minus excess reserves.
The cost of borrowing funds which is stated on a loan is the
A) prime interest rate. B) nominal interest rate. C) real interest rate. D) core PCE interest rate.
Which of the following is not an obstacle to development for many less-developed countries?
a. limited capital goods production b. lack of infrastructure c. lack of skilled workers d. dependence on exports of natural resources e. high savings rate