The fraction of deposits banks are required to keep as reserves is called the:
A) deposit requirement.
B) reserve requirement.
C) excess reserve requirement.
D) none of the above.
B
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Evidence from the United States and other foreign countries indicates that
A) there is a strong positive association between inflation and growth rate of money over long periods of time. B) there is little support for the assertion that "inflation is always and everywhere a monetary phenomenon." C) countries with low monetary growth rates tend to experience higher rates of inflation, all else being constant. D) money growth is clearly unrelated to inflation.
____________ solves the mutual coincidence of wants problem
a. Barter b. Mercantilism c. Free trade d. Money
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. Figure 8.5 Refer to Figure 8.5. If seven drones are produced, average variable costs are
A. $2.86. B. $14.29. C. $20. D. $21.43.
Under the Clayton Act, which of the following was illegal, even if it was not shown to lessen competition substantially?
a. Price discrimination. b. Tying contract. c. Horizontal mergers by stock acquisition. d. Interlocking directorates.