When you save $1,500 for a spring-break vacation in Cancun, you are using money as a standard of deferred payment
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is FALSE?
A) Both monetary and interest rate targets cannot be pursued simultaneously. B) A reduction in the required reserve ratio increases the money supply and pushes down the equilibrium interest rate. C) An open market sale decreases the money supply and pushes up the equilibrium interest rate. D) An open market purchase reduces the money supply and pushes down the equilibrium interest rate.
The Sherman Act
a. created the Federal Trade Commission b. established the Department of Justice Guidelines c. regulated railroad and trucking industries d. outlawed restraints of trade e. forbade price discrimination
_____ are accounts at the U.S. commercial banks that combine an interest-bearing savings account with a noninterest bearing checking account
a. Automatic transfer system accounts b. Negotiable orders of withdrawal c. Eurodollar deposits d. Certificates of deposit e. Credit union share draft accounts
The values of the Gini coefficient range from zero to +1.
Answer the following statement true (T) or false (F)