All of the following statements about banks in Zimbabwe in 2009 are true except
A. The risk of losing deposits at Zimbabwe banks, even if they failed, was low because of deposit insurance.
B. Political instability increased the risk of bank failures.
C. Few people deposited their money into Zimbabwe banks.
D. Banks were paying 100,000 percent interest on deposits.
Answer: A
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An in-kind transfer payment is:
A. made out of kindness. B. less costly to provide than a cash payment. C. a benefit in the form of a good or service. D. a cash payment.
A local pizzeria raised its price from $9 to $11 for each pizza and the sales of its pizza decreased from 150 to 100 per day. What is the price elasticity of demand in this case?
A) 1/2 B) -2 C) -1/2 D) 2
Everything else held constant, in the market for reserves, when the supply for federal funds intersects the reserve demand curve along the horizontal section of the demand curve, lowering the interest rate paid on excess reserves
A) increases the federal funds rate. B) lowers the federal funds rate. C) has no effect on the federal funds rate. D) has an indeterminate effect of the federal funds rate.
An arrangement that allows buyers and sellers to exchange things is called:
A. a contract. B. a market. C. money. D. efficient.