Which of the following is not a function of the Fed?
A) to provide check-clearing services
B) to hold depository institutions' reserves
C) to serve as the government's banker
D) to serve as the borrower of last resort
E) none of the above
D
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Buying insurance can create a moral hazard
Indicate whether the statement is true or false
Suppose the required reserve ratio is 3 percent, and currency and reserves total $10 million. The maximum change in the money supply that can be supported is:
A. $13 million. B. $30 million. C. $97 million. D. $333.3 million.
If the quantity of smallpox vaccinations is determined by the market forces of demand and supply, which of the following is most likely to be true??
a. The equilibrium price and quantity will be too high for efficiency.? b. The equilibrium quantity will be too high for efficiency.? c. The equilibrium quantity will be too low for efficiency.? d. The equilibrium price will be too low for efficiency.? e. The equilibrium price and quantity will be efficient.?
A shift in the demand curve will occur when
A) supply shifts. B) the price of an input used to produce the good changes. C) consumers' income changes. D) the price of the product changes.