Which of the following is not included in the narrowest definition of the money supply or M1?
A. Transactions account balances.
B. Credit card balances.
C. Traveler's checks.
D. Currency in circulation.
Answer: B
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The primary objective of a cartel is to:
A) maximize the amount of profit received by each member of the organization. B) maximize the joint profits of the members of the organization. C) ensure each member of the organization some minimum amount of profit. D) maximize the average profits of the members of the organization.
Which of the following is correct?
a. Joan takes some of her income and buys mutual fund shares. Joan's purchase will be included in the investment category of GDP. b. If a share of stock in Virtual Pizza Corporation sells for $77, the earnings per share are $5, and the dividend per share is $2, then the P/E ratio is 11. c. In order to use equity finance, a firm must sell about equal values of stocks and bonds. d. None of the above is correct.
Using Table 6.1, from the 1982-1984 base to 2004, prices increased 
A. by 90.3 dollars per week on monthly bills. B. 90.3%. C. 190.3%. D. 90.3 times.
Refer to the diagram. Demand is relatively inelastic:
A. at price P 3 .
B. at any price below P 2 .
C. in the P 2 P 4 price range.
D. in the P 2 P 3 price range.