Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on deposit with the Federal Reserve, and one million dollars in required reserves
Given this information, we can say First National Bank has ________ million dollars in excess reserves. A) three
B) nine
C) ten
D) eleven
B
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The current account records all transactions below EXCEPT for
A) net exports of goods and services. B) net interest income. C) net foreign investment. D) net transfers.
How would government's role differ between the balanced and unbalanced growth models?
What will be an ideal response?
The basic RBC model produces ________ movements in the real wage, which in fact are ________ in the statistical evidence
A) countercyclical, found B) countercyclical, not found C) procyclical, found D) procyclical, not found
A sole proprietorship has a single owner receiving the firm's profit and bearing limited liability
Indicate whether the statement is true or false