Currency held by the public plus balances in transactions accounts are the
A. Total reserves.
B. Required reserves.
C. Money supply (M1).
D. Money supply (M2).
Answer: C
You might also like to view...
Which of the following is not true currently?
A. The United States has an overall trade surplus. B. The United States has a low export ratio. C. The United States has a merchandise trade deficit. D. The United States has a services trade surplus.
In the United States, lobbying is:
A. illegal. B. important to firms in perfectly competitive markets. C. a way of protecting monopolies. D. not important to most monopolies.
Which of the following is a correct statement about unions in the United States?
A) The trend away from manufacturing and the deregulation of certain industries has promoted unionization of the U.S. workforce. B) Half of the top ten U.S. unions now have members who work in service and government occupations. C) Since the 1960s, there has been a gradual increase in the proportion of U.S. workers who are members of unions. D) Half of all U.S. workers are union members.
A large open economy has desired national saving of Sd = 1200 + 1000rw, and desired national investment of Id = 1000 - 500rw. The foreign economy has desired national saving of 
= 1300 + 1000rw, and desired national investment of 
= 1800 - 500rw. The equilibrium world real interest rate equals
A. 0.20. B. 0.15. C. 0.05. D. 0.10.