In the banking system today, the reserves banks hold against their deposit liabilities must take one of two forms. They are
A) vault cash and deposits at the Fed.
B) vault cash and checkable deposits.
C) currency in circulation and checkable deposits.
D) gold and vault cash.
Ans: A) vault cash and deposits at the Fed.
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In reading the stock market quotes in the newspaper, the column with the heading "P/E" gives the
A. number of shares of the stock traded that day. B. dividend per share divided by the closing price per share. C. stock symbol for the company. D. latest closing price per share divided by the latest available earnings per share.
People achieve ____ ____ when they are free to ___ with people in other countries
Fill in the blank(s) with the appropriate word(s).
If the federal government placed a 50 cent per pack excise tax on cigarette manufacturers, and if as a result, the price to consumers of a pack of cigarettes went up by 40 cents, the:
A. actual burden of this tax falls mostly on consumers. B. actual burden of this tax falls mostly on manufacturers. C. actual burden of the tax would be shared equally by producers and consumers. D. tax would clearly be a progressive tax.
Assuming no government or foreign sector, if the MPC is 0.9, the multiplier is
A. 0.1. B. 5. C. 9. D. 10.