The monetary base does NOT include
A) currency.
B) reserves of depository institutions.
C) checking accounts at commercial banks.
D) commercial banks' reserves.
C
You might also like to view...
Money serves as a
A) medium of exchange, unit of account, and store of value. B) means to conduct barter transactions. C) means of payment, legal obligation, and public tax. D) means of worker exploitation and capitalist enrichment. E) means of settling debts, transaction lubricant, and private commodity.
What event in 2009 ignited the euro crisis?
What will be an ideal response?
The fire department receives its revenues from the government budget, not on a per-fire-extinguished basis. As a result, it is difficult for department officials to know if
a. the fire department is even needed b. too much or too little fire protection is being supplied c. fires should be extinguished d. they should raise or lower price e. keep the difference between revenues and costs
Labor is available at a wage of $10 . The last worker hired by Cal's Corn Farm added 20 ears of corn, which Cal has priced at four ears for $1 . What advice would you give Cal?