Which statement is true?
A. Banking began in biblical times.
B. Most banks do NOT have national charters.
C. Bankers would like to hold a reserve ratio of about 10 percent.
D. About half the banks in the United States are members of the FDIC.
B. Most banks do NOT have national charters.
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Today the primary organization that countries use to negotiate trade issues is
a. the World Trade Organization. b. the General Agreement on Tariffs and Trade. c. the United Nations. d. the European Union.
Crowding out can be avoided temporarily if the government's debt is internationalized.
Answer the following statement true (T) or false (F)
The two frameworks conventional economists generally use to analyze macroeconomic issues are the:
A. inflation and the unemployment frameworks. B. business cycle and the growth cycle frameworks. C. stagnationist and the Post-Keynesian frameworks. D. short-run and the long-run frameworks.
An example of the external costs due to automobile driving is
A) wear and tear on toll roads. B) the opportunity cost of the driver's time. C) air pollution due to exhaust fumes. D) the cost of washing dirty cars.