Which is not an example of M1 money?
a. currency
b. a mutual fund
c. travelers' checks
d. a checking account
Answer: b. a mutual fund
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If the wheat harvest next summer in Canada will be much less than had been expected, there will tend to be
A) a decrease in the price of wheat futures and an increase in the current cash price of wheat in the US. B) a decrease in the price of wheat futures and in the current cash price of wheat in the US. C) an increase in the price of wheat futures and a decrease in the current cash price of wheat in the US. D) an increase in the price of wheat futures and in the current cash price of wheat in the US.
If the minimum wage law is repealed and employers begin using efficiency wages far less frequently, it would ___ unemployment and ____ the natural rate of unemployment: a. Increase; increase
b. Increase; not change. c. Decrease; decrease. d. Decrease; not change.
Country's GDP is:
A.) The sum of the physical amounts of goods and services in the economy. B.) A dollar measure of output produced within a nation's borders during a given time period. C.) A measure of the per capita economic growth rate of the economy. D.) A physical measure of the capital stock of the economy.
The interest rate that banks charge other banks for overnight loans is the
A) prime rate. B) discount rate. C) federal funds rate. D) Treasury bill rate.