A bank's reserves
A) can be held as deposits with the Federal Reserve.
B) are the sum of its excess and required reserves.
C) can be held as cash in its vault.
D) all of the above.
D
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When the rate of appreciation of the nominal exchange rate equals the foreign inflation rate minus the domestic inflation rate, we say there is
A) relative purchasing power parity. B) purchasing power parity. C) a Phillips curve. D) an aggregate supply shock.
Virtual currency unit 1 (VCU1) is poses a __________ risk to nations in which is it used because ___________________________
a. High; it can be used directly by end users to buy goods and services. b. High, it weakens central banks' abilities to control their monetary bases. c. Low; it can be earned and spent only in virtual worlds. d. Low; purchases and sales of VCU1 change only modestly a nation's monetary base. e. High; it is capable of causing dramatic changes in a nation's M2 money multiplier.
Statistical discrimination is not always:
A. useful. B. legal. C. ethical. D. All of these statements are true.
Recall the Application about the costs involved in opening a restaurant to answer the following question(s).Recall the Application. Which of the following prevents the restaurant industry from being classified as a monopoly?
A. There are many restaurant chains in the industry. B. There is easy entry. All an entrepreneur needs is to pay the franchise fee and the royalties. C. Restaurants are differentiated based on location and price. D. All of these are reasons why the restaurant industry is not a monopoly.