A risk-neutral person would be equally happy with $1 or a 50% chance of winning $2.
a. true
b. false
a. true
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Which of the following reduces the money multiplier?
A) Banks loan all their excess reserves. B) Bank customers hold some of the loan proceeds as currency outside the banking system. C) The Fed reduces the required reserve ratio. D) Banks impose a currency drain on bank customers. E) The Fed sells U.S. government securities.
All the following statements about the Federal Reserve are true EXCEPT the fact that it ________
A) is a public authority B) regulates a nation's depository institutions C) accepts checking deposits from the nation's residents D) controls the quantity of money
The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are unwilling to offer discounts b. the Vice President does not want to negotiate aggressively enough c. the sales staff want to negotiate too aggressively d. the Vice President is less willing to offer discounts to make the sale
The nations of the European Union currently number _____, since _____ joined in 2013.
A) 50; France and Germany B) 28; Croatia C) 150; Turkey and Greece D) 13; Mexico and Canada