An asset that can be converted quickly into cash at a low transaction cost is known as
A. a liquid asset.
B. deposits.
C. credit card
D. None of the above is correct.
Answer: A
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Which of the following sectors in the economy accounted for about 70% of the spending in the U.S. during 2009?
a. The government b. Firms c. The foreign sector d. Investors e. Households
What makes someone an entrepreneur?
What will be an ideal response?
A bank faces a required reserve ratio of 5 percent. If the bank has $200 million of checkable deposits and $15 million of total reserves, then how large are the bank's excess reserves?
A. $0 B. $5 million C. $10 million D. $15 million
Medicaid covers
A. only procedures performed in doctors' offices. B. only procedures performed in hospitals. C. nearly all procedures except abortions, cosmetic surgeries, and weight-loss and hair growth drugs. D. all procedures performed by doctors.