You have savings accounts at two separately FDIC insured banks. At one of the banks your account has a balance of $200,000. At the other bank the account balance is $60,000. If both banks fail, you will receive:
A. $260,000.
B. $250,000.
C. $60,000.
D. $200,000.
Answer: A
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Suppose that the U.S. Open ticket costs $100 and the British Open ticket costs £50 and the exchange rate is $1.43. How much does the British Open ticket cost for an American attending the British Open?
What will be an ideal response?
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If nominal wages increase at the same rate as inflation, then the aggregate supply curve will be a horizontal line
a. True b. False Indicate whether the statement is true or false