The change in wealth during a period equals:
A. public saving + private saving - transfers.
B. saving - investment + capital gains - capital losses.
C. saving - capital gains + capital losses.
D. saving + capital gains - capital losses.
Answer: D
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A bank has no excess reserves. Then it receives a new deposit for $100,000. If it has a desired reserve ratio of 20 percent, by how much can it increase its loans?
A) $20,000 B) $80,000 C) $120,000 D) $180,000
Wealth creating transactions are more likely to occur
a. With private property rights b. With contract enforcement c. Both a and b d. None of the above
The arithmetic difference between the nominal rate of interest and the expected rate of inflation is the
a. expected interest rate. b. real interest rate. c. implied interest rate. d. contractual interest rate.
ItemBillions of DollarsCheckable Deposits$2,000Small Time Deposits350Currency Held by the Public80Savings Deposits, Including Money-Market Deposit Accounts1,300Money-Market Mutual Funds Held by Individuals600Money-Market Mutual Funds Held by Businesses700Refer to the above table. The size of the M1 money supply is:
A. $2,080. B. $2,220. C. $1,940. D. $2,730.