Use the following table to answer the next question. ItemBillions of DollarsCheckable deposits$597Small time deposits818Currency639Money-market mutual funds held by businesses1,045Savings deposits, including money-market deposit accounts2,866Money-market mutual funds held by individuals979The value of the money included in M2 but not counted in M1 is
A. $4,663 billion.
B. $4,442 billion.
C. $1,457 billion.
D. $2,886 billion.
Answer: A
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Unanticipated moral hazard contingencies can be reduced by
A) screening. B) long-term customer relationships. C) specialization in lending. D) credit rationing.
The regular pattern of income variation over a person's life is called the
The amount of a particular good or service that buyers in a market will purchase at a given price during a specified period is called:
A. quantity demanded. B. supply. C. demand. D. quantity supplied.
Refer to Scenario 16.2 below to answer the question(s) that follow. SCENARIO 16.2: The marginal benefit for a particular food is described by MB = 60 - q, where q refers to the quantity of the food. The marginal cost of producing the food is described by MC = 3q. There is a negative externality associated with food production and the marginal social cost of food production is MSC = 5q.Refer to Scenario 16.2. The competitive output level is ________ and the competitive price is ________.
A. 10 units of food; $50 B. 0 units of food; $0 C. 10 units of food; $20 D. 15 units of food; $45