In the past, voting systems in most countries required that you be:
A. male in order to vote.
B. both male and hold property in order to vote.
C. both male and white in order to vote.
D. white, male, and hold property in order to vote.
B. both male and hold property in order to vote.
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A bank reports reserves of $100,000, government securities of $250,000, loans of $750,000, checkable deposits of $900,000, and owners' equity of $200,000
The desired reserve ratio is 10 percent and the bank wants to hold as reserves only the amount it is required to hold. What is the amount of excess reserves for this bank? Show your work.
Small countries might produce more of a particular good than their domestic citizens can consume
A) if they are willing to take a loss on the goods produced. B) if there are increasing returns to scale and export of the surplus is possible. C) when arbitrage is possible. D) if they are producing seasonal products.
Which of the following would be included in the calculation of the GDP for the year 2010?
a. Purchase of a 2004 model Volkswagen sedan in 2010 b. Swapping of baseball cards among two college students c. Car repairs done by a person d. Fresh lemonade sold at a local diner e. A lamp sold at a garage sale
If the Fed decides to buy T-bills, it increases the demand for T-bills. How will this affect the price of T-bills and the interest rate?
a. T-bill prices fall and interest rates fall. b. T-bill prices rise and interest rates rise. c. T-bill prices rise and interest rates fall. d. T-bill prices fall and interest rates rise.