Who owns a commercial bank?
a. Its depositors
b. Its stockholders
c. Lenders
d. Savers
e. The Federal Reserve
B
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Which of the following market types has the fewest number of firms?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly E) perfect competition and monopolistic competition
Producer surplus equals the
a. value to buyers minus the amount paid by buyers. b. value to buyers minus the cost to sellers. c. amount received by sellers minus the cost to sellers. d. amount received by sellers minus the amount paid by buyers.
If a government simplified its tax system the likeliest result would be a decrease in
a. consumer surplus. b. producer surplus. c. in deadweight loss. d. tax revenues.
In 2017, some banks in Europe had to make interest payments to borrowers rather than receive interest payments from borrowers. Which of the following statements describes this situation?
A) For these banks, the loans increased required reserves. B) These banks were receiving negative nominal interest rates on these loans. C) For these banks, the loans were liabilities instead of assets. D) All of the above are correct.