The federal government is concerned about the health of the banking system for many reasons, the most important of which may be:
A. banks are where government bonds are traded.
B. many people earn the majority of their income from interest on bank deposits.
C. banks are of great importance in enabling the economy to operate efficiently.
D. a significant number of people are employed in the banking industry.
Answer: C
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A movement from one point of a demand curve to another is properly called a change in
A) demand. B) quantity demanded. C) tastes and preferences. D) the availability of substitutes.
If price fixing by competitors is necessary because without it a firm will go bankrupt, is the price fixing legal?
What will be an ideal response?
Employing Figure 4-1 above, if Y increases by 3000 and the interest rate is fixed at 5% then the sensitivity of real money balances to changes in real income is
A) 0.67. B) 0.33. C) -0.67. D) -0.33.
An example of human capital is the purchase of a computer to help accountants
a. True b. False Indicate whether the statement is true or false