When households choose to hold money as a store of value, rather than holding assets such as certificates of deposit, stocks, and bonds, ________ demand for money results
A) liquidity B) asset C) transactions D) precautionary
B
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The financial statements of firms generally are audited by
A) employees of the firm being audited. B) employees of private accounting firms. C) the board of directors of the corporation being audited. D) employees of the federal government.
What is one of the potential hazards of the government’s move to insure bank deposits?
a. People are less likely to apply for loans. b. Depositors are more likely to engage in bank runs. c. Banks are willing to take greater risks. d. The money supply may be less stable.
If official U.S. poverty statistics included in-kind transfer payments the:
A. poverty rate would be close to zero. B. poverty rate would be lower. C. government deficit would be lower. D. top 10 percent of those in the income distribution would be wealthier.
Demand for a good which comprises a relatively large share of the consumer's budget tends to be
A. perfectly inelastic. B. elastic. C. perfectly elastic. D. inelastic.