Which of the following is a political function of government but is NOT a central economic function?
A. determining who has a right to vote
B. providing a legal system to adjudicate property rights
C. redistributing income from some individuals to others
D. determining government-sponsored and government-inhibited goods
Answer: A
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A bank reports reserves of $100,000, government securities of $50,000, loans of $750,000, and checkable deposits of $900,000. The desired reserve ratio is 10 percent. What is the amount of excess reserves for this bank? Show your work
What will be an ideal response?
Refer to Figure 15-5. In the figure above, the movement from point A to point B in the money market would be caused by
A) a decrease in real GDP. B) an open market sale of Treasury securities by the Federal Reserve. C) an increase in the required reserve ratio by the Federal Reserve. D) an increase in the price level.
Which of the following is a key economic function of government?
a. protects and enforces property rights and contracts b. issues passports, visas, and foreign travel advisories c. researches the causes and cures of illness and disease d. awards medals and honors for cultural achievement
The price of bonds and the interest rate are
A. inversely related. B. positively related. C. related, but we are not sure how. D. unrelated.