Small time deposits of $100,000 or less are classified as
A) part of M1. B) FDIC insured. C) part of M2. D) highly liquid.
C
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Almost all event markets forecast accurately
Indicate whether the statement is true or false
The equilibrium interest rate is determined by the
a. quantity of capital on the market b. supply and demand for loanable funds c. marginal revenue product of capital d. marginal factor cost of capital e. willingness of suppliers of capital to convert that supply into loanable funds
The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also simultaneously promotes the public or social interest is a description of:
a. The "invisible hand" b. The guiding function of prices c. "Dollar votes" d. Capital accumulation
If a firm faces perfectly competitive product and factor markets and the marginal product of labor and capital are 4 and 9, respectively, while the wage rate is $2 and the rental rate on capital is $4, the firm should
A. use relatively less labor. B. decrease all inputs proportionately. C. use relatively more labor. D. increase all inputs proportionately.