The trade deficit is the mirror image of required capital inflows
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is a transactions account?
a. Currency b. Travelers' checks c. A savings account d. A credit card balance e. A demand deposit
Which of the following about minimum wage is true?
a. Most minimum wage workers are employed more than 40 hours per week. b. Economic analysis indicates an increase in the minimum wage would increase the training opportunities available to inexperienced workers. c. Most minimum wage workers are heads of families with incomes below the poverty level. d. Most minimum wage workers are employed part-time, and they are often members of a household with an income well above the poverty level.
To a bank, a checkable deposit is classified as
A) an asset. B) a liability. C) vault cash. D) excess reserves. E) bank capital.
When your budget line is just tangent to your indifference curve, you are at the point on the budget line that you least prefer
Indicate whether the statement is true or false