Bankers’ business decisions effect the money supply because bankers
A. are respected men and women.
B. have the ability to create money.
C. use a special accounting system developed by the Federal Reserve Board.
D. All of these responses are correct.
Answer: B
You might also like to view...
Over a short-run period (i.e., week or month), ________ dominate exchange rate movements
A) short-run inflation differentials B) nominal price changes C) relative price changes D) None of the above
Air pollution is a problem because
A. people are not environmentally conscious. B. a market economy does not provide as strong an incentive for environmental cleanup as a socialist economy. C. people make use of air without having to bear all the costs of their actions. D. people are greedy.
Venture capital funds involve very low risk.
Answer the following statement true (T) or false (F)
Suppose a country operates on its production possibility frontier when it produces 1000 books and 1000 tables. The combination of ________ reflects ________
A) 500 books and 1000 tables; an inefficient but attainable point. B) 500 books and 500 tables; an attainable and efficient point. C) 1000 books and 1500 tables; a free lunch. D) 1000 books and 1000 tables; a free lunch. E) 1000 books and 500 tables; an efficient point.