The New York Stock Exchange handles only about 10 percent of all stock market transactions in the United States.
Answer the following statement true (T) or false (F)
False
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In the simple deposit expansion model, if the Fed extends a $100 discount loan to a bank that previously had no excess reserves, deposits in the banking system can potentially increase by
A) $10. B) $100. C) $100 times the reciprocal of the required reserve ratio. D) $100 times the required reserve ratio.
If a consumer's total cost of purchasing a basket of goods increases from $600 in 2012 to $800 in 2015, it implies that the inflation rate is _____ percent
a. 33.33 b. 20 c. 20.33 d. 30.23
The number of hours that a worker is willing to work is determined by the trade-off between the increasing
A. Total utility of leisure and the decreasing total utility of income. B. Value of leisure time and the decreasing marginal utility of income. C. Marginal utility of both income and leisure. D. Total utility of income and the decreasing marginal utility of leisure.
Corporate profits are
A) taxed at too low a rate. B) taxed only when a stockholder sells his or her shares of stock. C) taxed twice—once by the corporate tax system, and again by personal tax system when they are paid to stockholders as dividends. D) taxed three times—once by the corporate tax system, again by the personal tax system, and again as capital gains.