Which of the following is NOT part of M1 but is included in M2?
A) currency
B) small-denomination certificates of deposits
C) traveler's checks
D) cash
B
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Why is it necessary for a firm that practices price discrimination be a price maker rather than a price taker?
What will be an ideal response?
Government regulations
A) have no impact on supply. B) only change the quantity supplied, not the supply curve. C) are generally ineffective due to lobbying by suppliers. D) can change both quantity supplied as well as the supply curve.
Opportunity cost is defined monetary terms
Indicate whether the statement is true or false
In the case of banks, "living wills" spell out:
A) how a bank would sell its assets and pay of its creditors in the event of shutdown. B) the amount of bank resources to be retained as stockholders' equity. C) the long term business development plans of systematically important financial institutions. D) the balance sheet of systemically important financial institutions.