Ceteris paribus means
A) all men are created equal.
B) wage parity between men and women is a worthy goal.
C) there are an infinite number of factors affecting each human decision and they change all the time.
D) economists isolate one or two factors that change when analyzing human decisions.
Answer: D
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Suppose a commercial banking system has $240,000 of outstanding checkable deposits and actual reserves of $85,000. If the reserve ratio is 25%, the banking system can expand the supply of money by a maximum of
A. $5,000. B. $25,000. C. $75,000. D. $100,000.
Which of the following is an example of a closed economy?
a. Bejukistan is a major trading partner of more than 100 countries. b. Freedonia is the leading export country in terms of the dollar value of its exports. c. The island of Isolakia lives self-sufficiently with no foreign trading partners. d. New Voltari exports goods and services at a rate higher than its annual GDP.
Eurodollars are:
A. euro-denominated deposits in U.S. Banks. B. dollars that are specially printed for use abroad to minimize counterfeiting. C. the currency of the European Economic Union. D. dollar-denominated deposits in banks outside the United States.
The smaller the typical depositor at a financial institution, the __________ likely that some of the institution's deposits are federally insured and thus the __________ heavily that institution tends to be regulated
A) less; less B) less; more C) more; less D) more; more