When the actual reserve-deposit ratio exceeds the desired reserve-deposit ratio banks:
A. make more loans.
B. do nothing because this is a profitable situation.
C. send the extra reserves to the central bank.
D. stop making loans.
Answer: A
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a. means that government can protect individual rights but is strong enough to violate them b. means that government can protect individuals rights yet is strong enough not to violate them c. means that individuals have secure and well-defined property rights d. means that individuals need not worry about threats from other governments
_____ is a monthly payment made by a franchisee to the franchisor usually a certain percentage of the former's gross revenue
a. Royalty b. Annuity c. Contingent fee d. Capitation fee
Which one of the following is not true about poverty in the United States? a. The percentage of the population below the poverty line has decreased significantly since 1960 in the U.S., but not for every racial group
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Because of increasing opportunity costs, the production possibilities curve
a. is bowed out from (or concave to) the origin. b. can be either downward- or upward-sloping. c. at first rises, then falls eventually. d. is a straight downward-sloping line