The demand for money that arises so that individuals or firms can make purchases on quick notice is called the:
A. real demand for money.
B. transaction demand for money.
C. liquidity demand for money.
D. speculative demand for money.
Answer: C
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Which of the following is NOT part of the shadow banking system?
A) the transformer B) the servicer C) the bundler D) the distributor
In long-run equilibrium, which of the following is not equal to price for a perfectly competitive firm?
a. Short-run average variable cost. b. Long-run average total cost. c. Short-run marginal cost. d. Short-run average total cost.
Consumer surplus is the:
a. number of consumers who are excluded from a market because of scarcity. b. amount of a good that consumers will buy at a price below the equilibrium price. c. amount consumers are willing to pay for a good minus the amount the consumers actually pay for it. d. amount consumers are willing to pay for a good minus the cost of producing the good.
What are the two main sources of financial capital in the United States?
a. financial inflows from foreign investors and businesses in the United States b. financial outflows to foreign investors and private savings of individuals and firms c. private savings of individuals and firms and financial inflows from foreign investors d. financial inflows from foreign investors and government savings