When loans are paid off, the bank's assets will decline, deposits will decline, M1 and M1 will decline
a. true
b. false
Answer: a. true
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In the balance of payments accounts, changes in U.S. official reserves are recorded in the
A) international currency account. B) current account. C) international reserves account. D) official settlements account. E) capital and financial account.
Describe some of the causes of urban giantism in developing countries
What will be an ideal response?
The portfolio theories of money demand state that the demand for real money balances is ________ related to income and ________ related to the nominal interest rate
A) positively; negatively B) positively; positively C) negatively; negatively D) negatively; positively
Which of the following is an output of production?
A) a haircut B) a U.S. savings bond C) a share of Acme Corporation stock D) None of the above.