The quantity of excess reserves in the banking system and the federal funds rate can serve as short-run operating targets for the FOMC and help it perform the open market operation
a. True
b. False
Indicate whether the statement is true or false
True
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Rational choice requires that opportunity cost be
a. ignored in making a decision. b. considered for individual choices, but not for societal choices. c. computed, but not actually used in making a decision. d. considered as part of making a decision. e. used as the sole decision criterion.
No deadweight loss and no underproduction
What will be an ideal response?
When a business such as an airline charges different prices for different people for the same product, they are practicing
A. an illegal price policy. B. price discrimination. C. non-price competition. D. a marketing policy which usually backfires.
Which of the following financial securities is most liquid?
A) a savings account B) a share of stock C) a cashier's check D) a $20 bill