When a chartered bank borrows from the Bank of Canada:
What will be an ideal response?
the chartered bank's lending ability is increased.
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In the above figure, no relationship between x and y is shown in Figure
A) A. B) B. C) C. D) D. E) A and Figure B.
If foreign interest rates rise
A) the demand for domestic currency rises, causing it to appreciate. B) the demand for domestic currency falls, causing it to depreciate. C) the demand for domestic currency rises, causing it to depreciate. D) the demand for domestic currency falls, causing it to appreciate.
Which of the following are necessary components of a positive statement?
a. objective; testable b. subjective; testable c. objective; ethical d. subjective; ethical
Your bank account pays 3% interest per year. You loan a friend $100 for one year at zero interest. Assuming the loan is paid on time the opportunity cost of the loan is
A. $0. B. $103. C. $3. D. $100.