Which of the following is not an example of a commercial bank's liabilities?
a. Checking account deposits.
b. Any type of demand deposit.
c. Loans.
d. a and b.
e. None of the above.
C
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Which of the following always raises the equilibrium price?
A) an increase in both demand and supply B) a decrease in both demand and supply C) an increase in demand combined with a decrease in supply D) a decrease in demand combined with an increase in supply
The "Discount Department Stores" industry is highly concentrated. What does this mean?
A) The sales volume in this industry is consistently high. B) There are many large stores such as Wal-Mart, Target, Kohl's, in this industry. C) A few large stores account for a significant portion of industry sales. D) There is cut-throat competition in this industry because there are no entry barriers.
The Federal Deposit Insurance Corporation (FDIC) guarantees that depositors will receive reimbursement for up to ______________ of their money that is deposited in each account even if the bank fails.
a. $250,000 b. $100,000 c. $50,000 d. $500,000
Suppose an oil refinery and a paper mill both pollute a river. Under a system of marketable pollution permits, which of the following must be true in order for both companies to benefit from trading the right to pollute?
A. They must be able to reduce pollution at exactly the same cost. B. It must cost the firms different amounts to reduce pollution. C. They must have a social conscience and must be devoted to pollution abatement. D. The government must direct them toward beneficial trades.