Which of the following appears on the asset side of a bank's balance sheet?
a. Loans
b. None of the answers are correct.
c. Required reserves
d. All of the answers are correct.
e. Excess reserves
d
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A negative externality exists when
A. marginal social costs are less than marginal private costs. B. marginal social costs are greater than marginal private costs. C. marginal social benefits are less than marginal private benefits. D. marginal social benefits are greater than marginal private benefits. E. b and c
Which of the following countries reported an inflation rate of over 2,000 percent per year during the late 1980s?
A. Russia B. Argentina C. Mexico D. Turkey
Refer to the graph shown. Assume the market is initially in equilibrium at point j in the graph but the imposition of a per-unit tax on this product shifts the supply curve up from S0 to S1. The lost producer surplus of this tax is equal to the area:
A. cdjh. B. hji. C. deij. D. khj.