Large denomination time deposits are included in:
A) M1.
B) M2.
C) M3.
D) L.
C
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The standard definition of money is
a. currency + checking account balances + saving account balances b. currency + checking account balances + travelers' checks c. currency + checking account balances + credit cards d. currency + credit cards + certificates of deposit e. currency only
If the banking system is heavily into loans supported by stock market collateral, then any downward movement in stock prices that frightens banks enough to sell off their stock collateral will drive stock prices down even further
Indicate whether the statement is true or false
Refer to Figure 8.6. Curve 2 is Outdoor Equipment's A) marginal cost curve. B) average variable cost curve. C) average total cost curve. D) average fixed cost curve.
If two goods are close substitutes:
a. A decrease in the price of one will increase the demand for the other b. An increase in the price of one will increase the demand for the other c. An increase in the price of one will decrease the demand for the other d. A decrease in the price of one will have no effect on the demand for the other