A bank's required reserves equal its
What will be an ideal response?
deposits multiplied by its reserved ratio
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The economy has gone into a recession. You have majored in computer science and, because of the recession, have difficulty in finding a job. Should you go back to school and get a second major?
A) No, the recession will have no impact on my ability to get a job or my future income. B) Yes, the recession will lower income in my field permanently. C) No, the recession will most likely be short-lived and I can get a job after it is over. D) Yes, the recession will ensure that you will never find a job as a programmer.
An international lender of last resort creates a serious moral hazard problem because ________ and other ________ of banking institutions expect that they will be protected if a crisis occurs
A) depositors; debtors B) depositors; creditors C) borrowers; debtors D) borrowers; creditors
Most trade groups contain countries in the same area of the world, even though neighboring countries usually lack a common history and interests.
a. true b. false
The full-employment unemployment rate for the United States economy is now generally considered to be:
A. 2 percent of the labor force B. 4 percent of the labor force C. 5 to 6 percent of the labor force D. 8 to 9 percent of the labor force