Being too big a firm can be a per se violation of antitrust laws
a. True
b. False
Indicate whether the statement is true or false
True
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Investments that a bank makes are known as:
A) deposits. B) liabilities. C) assets. D) capital.
Any amount that a bank chooses to keep on hand beyond what it is required to is called:
A. excess reserves. B. excess deposits. C. federal funds. D. extra holdings.
The most frequently used monetary device for achieving price stability is:
a. The discount rate b. The reserve ratio c. The prime interest rate d. Open-market operations
The opportunity cost to a consumer who smokes cigarettes consists of the:
A. Costs imposed on others who inhale second-hand smoke B. Products that the consumer could have bought instead of cigarettes C. Amount of cigarette-taxes paid by this consumer D. Cost of complementary products such as lighters, ashtrays, and cigarette holders