Among the state nonmember banks, __________ have federal deposit insurance through the FDIC
A) all
B) virtually all
C) a minority
D) none of them
B
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Foreign currency assets held by a government for the purpose of purchasing domestic currency in the foreign exchange market are called:
A. fixed-exchange-rate deposits. B. purchasing-power-parity funds. C. international reserves. D. balance-of-payment currency.
Refer to Scenario 5 . Calculate the price elasticity of demand for DVD players. Is demand for players elastic, inelastic, or unitary?
What will be an ideal response?
Firms in perfectly competitive markets who wish to maximize profits should:
A. keep producing more as long as marginal cost is less than marginal revenue. B. produce less as long as marginal cost is greater than marginal revenue. C. produce where marginal cost and marginal revenue are equal. D. All of these are true.
Which of the following is true?
a. The majority of millionaires received most of their wealth through an inheritance. b. The percentage of the population that are millionaires in inflation-adjusted dollars has been stable since the 1970s. c. About one-third of millionaires have college degrees. d. More than 75 percent of American millionaires have college degrees.