With a deficit in our balance of payments, there is an excess __________ dollars in the foreign exchange market, causing the dollar to __________
A) demand for; appreciate
B) demand for; depreciate
C) supply of; appreciate
D) supply of; depreciate
D
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The Business Cycle has three main parts, which of these is not one of them?
a. Expansion b. Recession c. Inflation d. Recovery
If a bank had demand deposits of $50 million and it faced a 25 percent required reserve ratio, it would be required to have how many reserves?
a. $50 million b. $37.5 million c. $25 million d. $12.5 million
Prices set too low can actually be against the public interest
a. True b. False Indicate whether the statement is true or false
Suppose that when the price of broccoli is $4 per pound, buyers wish to buy 500 pounds per day and sellers wish to sell 800 pounds per day. In this case:
A. excess supply will lead the price of broccoli to fall. B. excess demand will lead the price of broccoli to rise. C. excess demand will lead the price of broccoli to fall. D. excess supply will lead the price of broccoli to rise.