Vault cash is:
A. a part of reserves and an asset of commercial banks.
B. not reserves but is a liability of the central bank.
C. equal to the total amount of reserves and is an asset of the central bank.
D. not reserves but is an asset of central banks.
Answer: A
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Due to automatic stabilizers, when the nation's total income rises, government transfer payments
A. and tax revenues increase. B. decrease and tax revenues increase. C. increase and tax revenues decrease. D. and tax revenues decrease.
In the long-run, if firms in a perfectly competitive market are incurring persistent economic losses, some firms will
A) exit and the price will fall. B) exit and the price will rise. C) enter and the price might either rise or fall. D) exit and the price might either rise or fall.
Natasha is going to buy a risky asset that has an expected value of $62, which yields an expected utility of 146. Her risk premium is $19. What is her certainty equivalent?
A) $19 B) $43 C) $81 D) $208
If $1.00 U.S. was equivalent to $1.40 Canadian in 2006 and $1.00 Canadian in 2010, it implies that the:
a. U.S. dollar appreciated against the Canadian dollar in 2010. b. Canadian dollar weakened against the U.S. dollar in 2010. c. U.S. dollar strengthened against the Canadian dollar in 2010. d. Canadian dollar appreciated against the U.S. dollar in 2010.