A bank can legally hold reserves as:
a. gold and coins
b. gold and checks.
c. cash in its vault and non-interest-bearing reserve deposits at the Fed.
d. gold and non-interest-bearing reserve deposits at the Fed.
e. U.S. government securities and coins.
c
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According to this Application, in the 1990s EU countries had ________ in the production of all products compared to Latvia
A) an absolute advantage and a comparative advantage B) neither an absolute advantage nor a comparative advantage C) an absolute advantage but not a comparative advantage D) a comparative advantage but not an absolute advantage
The efficient output level of a public good occurs where the
A) greatest number of free riders occurs. B) marginal cost of producing the last unit is equal to the marginal benefit realized by consumers. C) marginal cost of production is minimized. D) total cost of production is affordable.
At what stage of the securitization process was moral hazard a major problem?
a. Mortgage origination. b.Due diligence and mortgage servicing. c. Securitization. d. All of the above
Historically, which of the following has had the highest average annual rate of return?
A) U.S. Treasury bonds B) corporate bonds C) money market mutual funds D) corporate stocks