Secondary reserves are
A. high-risk investments.
B. government securities held by banks.
C. assets a borrower pledges to a bank in case of default.
D. interest-bearing debts.
B. government securities held by banks.
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Refer to the scenario above. What will be the capital stock in the economy in the current year, if the capital stock in the last year was $1,000?
A) $1,400 B) $1,200 C) $1,600 D) $1,800
Alternating periods of economic expansion and recession are known as the:
A) Fisher effect B) business cycle C) market risk D) systematics
U.S. net exports are:
A.) Equal to the value of exports minus the value of imports. B.) Positive if the U.S. imports more than it exports. C.) A larger portion of GDP than investment. D.) Always equal to zero.
Fill in the blank: Firms under perfect competition would enjoy ________ market power
A) absolutely no B) some C) much D) total