A bank's excess reserves are the fraction of a bank's deposits held at the Federal Reserve.
Answer the following statement true (T) or false (F)
False
You might also like to view...
In the above table, the merchandise trade balance for Country X is ________ billion dollars
A) +100 B) -150 C) +150 D) -100
Figure 11-1
The Red Cross is virtually the only operator of blood banks in the United States. In Figure 11-1 are the demand and cost curves facing the Red Cross blood bank. If the Red Cross were to set price and quantity at the level that it would obtain in the long run in a competitive industry, how much blood would it sell?
a.
OA
b.
OB
c.
OD
d.
OC
A student enters a McDonald's fast-food restaurant. He orders the first Big Mac. He consumes it within 3 minutes. He then orders a second Big Mac and consumes it in 10 minutes. He eats only half of the third one in 18 minutes and throws away the rest. The store manager offers him the fourth for free. The student says: "No thanks." For the student described above, we can say that
A. diminishing marginal utility did not occur, he simply wanted to quit eating. B. the law of diminishing marginal utility only applies to durable goods. C. diminishing marginal utility began as soon as he had eaten the first Big Mac. D. diminishing marginal utility set in only after he had consumed the second Big Mac.
A member in a cartel can earn more profits by
A) charging a slightly lower price and raising production. B) producing less than the agreed rate. C) selling less than the agreed amount. D) none of the above.