Which of the following are legal tender?
a. A check
b. A Federal Reserve note
c. A bank note issued by a private bank
d. A credit card
e. A traveler's check
b
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One major component of money supply M1, demand deposits, is part of a bank's
A. net worth. B. liabilities. C. reserves. D. assets.
If the United States and other developed nations pay the cost of reducing public emissions, developing nations such as China could benefit from the reduction while not contributing to it In this sense, one can think of reducing carbon emissions as being like a
A) quasi-private good. B) private good. C) quasi-public good. D) public good.
Index funds are usually outperformed by mutual funds that are actively managed by professional money managers
a. True b. False Indicate whether the statement is true or false
When a government program is justified not on its merits but on the number of jobs it will create,
a. the program is an efficient use of taxpayer dollars. b. it should be approved only if the unemployment rate is low. c. taxes should be raised to fund the program. d. it is known as the "broken window fallacy.".