Among state member and national banks, __________ have federal deposit insurance through the FDIC
A) all
B) virtually all
C) a minority
D) none of them
A
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Economists use the mechanism of supply and demand to study
A. inflation. B. unemployment. C. environmental protection. D. All of these responses are correct.
The evolution of the payments system from barter to precious metals, then to fiat money, then to checks can best be understood as a consequence of the fact that
A) paper is more costly to produce than precious metals. B) precious metals were not generally acceptable. C) precious metals were difficult to carry and transport. D) paper money is less accepted than checks.
When the average total cost is rising, it must be the case that
a. production must be cut back b. fixed cost is not very high c. marginal cost is greater than average total cost d. average fixed cost exceeds average variable cost e. marginal cost is less than average fixed cost
In general, monetary policy has a longer ________ lag than fiscal policy but shorter ________ lag.
A. response; implementation B. recognition; response C. implementation; recognition D. implementation; response