In the United States (and in this course), financial institutions' reserves include:
a. Cash in the vault and deposits at other institutions.
b. Cash in the vault and deposits at the central bank.
c. Cash in the vault and AAA corporate securities.
d. Currency in circulation and checking accounts.
e. Short-term Treasury bills and government deposits are institutions'.
.B
You might also like to view...
Refer to Figure 14.3. To maximize economic rent, the labor union will agree to wage rate:
A) W0. B) W1. C) W2. D) W3. E) none of the above
Based on the information above, video games have
a. A unit elastic demand curve b. A inelastic demand curve c. A elastic demand curve d. A perfectly elastic demand curve
Which of the following is true?
a. Automated production processes are generally adopted regardless of whether they reduce costs. b. Automated production processes eliminate jobs and, thereby, endanger our future living standards. c. Cost-reducing automated production techniques will expand output directly and/or release scarce resources for the expansion of output in other areas. d. Use of the most advanced technology will always minimize the cost of a productive activity.
Consider a market that is in equilibrium. If it experiences an increase in demand, what will happen? The demand curve will shift to the:
A. right, and the equilibrium price and quantity will fall. B. right, and the equilibrium price and quantity will rise. C. left, and the equilibrium price and quantity will fall. D. right, and the equilibrium price will increase and the equilibrium quantity will decrease.