Currency held inside the banking system is included in the M1 measure of the money supply
Indicate whether the statement is true or false
FALSE
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The market demand curve for a product:
A. is the demand of an individual consumer. B. will lie to the right of all of the individual demand curves for a product. C. graphically is the vertical sum of the individual demand curves. D. will lie below all of the individual demand curves for a product.
The more inelastic the demand for a product, the more the actual burden of a tax on the product will:
a. fall on sellers. b. fall on buyers. c. fall equally on both buyers and sellers. d. create a larger deadweight loss (or excess burden).
If a 10-year Treasury bond pays 3.1% and a 10-year corporate bond pays 7.4%, what is the interest rate spread on this particular corporate bond?
a. 4.3% b. 7.4% c. 10.5% d. 22.9%
The market in which households, firms and governments buy and sell national currencies is known as
A. flexible exchange rates. B. the foreign exchange market. C. standard drawing rights. D. the exchange rate.