Reserves of a bank equal its
A) deposits with the Federal Reserve.
B) vault cash plus deposits of its customers.
C) vault cash plus deposits with the Federal Reserve.
D) vault cash.
C
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Thrift institutions importance as a source of funds for borrowers
A) has shrunk from around 40 percent of total credit advanced in the late 1970s to below 30 percent by 2014. B) has shrunk from over 20 percent of total credit advanced in the late 1970s to around 3 percent by 2014. C) has expanded dramatically, from around 15 percent of total credit advanced in the late 1970s to above 25 percent by 2014. D) has expanded dramatically, from around 15 percent of total credit advanced in the late 1970s to above 30 percent by 2014.
Currently, which sector of the economy is consistently a net saver?
A) the household sector B) the business sector C) the federal government D) the foreign sector
Protectionism achieves which of the following goals?
A. Protection of infant industries. B. Greater consumption possibilities through greater specialization. C. Protection of absolute advantage. D. Protection of comparative advantage.
Jaime's father gives her a car for her graduation from college, but Jaime wants a smartphone. This implies that
A) Jaime's father is not acting out of self-interest because he knows that she really wants a smartphone. B) Jaime's father is acting out of self-interest because he wants to give her something more expensive. C) Jaime is not acting out of her self-interest by wanting something different from what her father gives her. D) Jaime is not rational by asking for a smartphone instead of a car.