Suppose a goldsmith (banker) had a certain number of gold coins in his safe and he kept writing more and more goldsmiths' receipts for people who came to him to borrow money. What would be happening to his reserve ratio?
A. It would be rising.
B. It would be falling.
C. It would stay the same.
D. There is not enough information to answer this question.
B. It would be falling.
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The account that shows international transactions involving financial transactions (stocks, bonds, bank loans, etc.) is called the
A) trade balance. B) current account. C) balance of payments. D) capital account.
In 2015, government purchases were the largest component of U.S. GDP
a. True b. False Indicate whether the statement is true or false
Why did Communist governments use a command economic system for many years?
a. as a way to avoid the expense and difficulties of a free market b. as a method of keeping consumers from getting what they wanted c. to limit the costs of production of many goods d. in an attempt to create a society in which everyone was equal
An industry consists of eight firms with annual sales (in millions) of $200, $300, $900, $600, $300, $700, $500, and $600. What is the industry's C4?
A. 0.77 B. 0.66 C. 0.68 D. 0.49