Jewel Bank has a reserve requirement ratio of 14 percent. The money multiplier for Jewel Bank is ______.
a. 86
b. 14
c. 11
d. 7.14
d. 7.14
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Economists are often perceived as disagreeing with each other. Is this the way things really are?
A. No, economists agree on much more than is commonly supposed. B. No, the problem is that some economists are smarter than others. C. No, economists “stage” disagreements for public amusement. D. Yes, economists rarely agree on much of anything. E. Yes, economists are unable to analyze problems dispassionately.
The narrowest money measure is
A) currency plus non-interest bearing checking accounts. B) currency plus all checking accounts. C) currency plus all deposits at financial institutions. D) definitive money.
Monopolistic competition differs from perfect competition because
A. monopolistic competitors advertise and differentiate their product. B. monopolistic competitors have products with no close substitutes. C. monopolistic competitors produce at the peak level of efficiency. D. monopolistic competitors can make a profit even in the long run.
Bob invests $25 in an investment that has a 50% chance of being worth $100 and a 50% chance of being worth $0. From this information we can conclude that Bob is
A) risk loving. B) risk neutral. C) risk averse. D) Any one of the three above.