Required reserves of banks are a fixed percentage of their
A. loans.
B. assets.
C. deposits.
D. All of these responses are correct.
Answer: C
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If the par value of a bond is $200, and the bid price of the bond is $90, it implies that:
a. the bond is sold at $110. b. the bond was bought at $110. c. the bond is trading at a discount of 10 percent of its par value. d. the bond is trading at 45 percent of its par value. e. the bond is trading at a premium of 15 percent.
The price elasticity of demand is typically negative because
A. as price decreases, quantity demanded decreases. B. as price decreases, quantity demanded increases. C. as price decreases, demand decreases. as price decreases, demand increases. D. consumers rarely respond to a change in price.
Studies the performance of the whole economic
a) marginal b) Macroeconomics
Smartphone companies protect their monopolies over new products they develop by utilizing
A) patent protection. B) low cost production. C) diseconomies of scale. D) zero economic profits in the long run.