Banks may borrow from or lend to another bank in the Federal Funds market. A loan of excess reserves from one bank to another bank is recorded as a(n) ________ for the borrowing bank and a(n) ________ for the lending bank
A) asset; asset
B) asset; liability
C) liability; liability
D) liability; asset
D
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Adopting the Single European Act had broad popular support; the Treaty on European Union was more controversial
Indicate whether the statement is true or false
Inflation can be caused: a. only by increases in aggregate demand
b. only by increases in aggregate supply. c. only by decreases in aggregate supply. d. by increases in aggregate supply or decreases in aggregate demand. e. by increases in aggregate demand or decreases in aggregate supply.
The deregulation of oil pricing will
A. increase our dependence on foreign oil. B. make the United States energy independent by the year 2000. C. decrease domestic production. D. decrease the extent of the nation’s dependence on foreign oil.
Which country has the largest real GDP?
a. china b. japan c. US d. Qatar e. liechtenstein