Credit unions ________
A) acquire access to funds by accepting deposits then use these monies in lending to households and firms
B) are a special type of mutual fund
C) raise funds by selling commercial paper then lend these funds to consumers
D) acquire access to monies through the payment of premiums by employees
A
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Last year, 1,000 cases of cough syrup were sold at $10; this year, 1,200 cases were sold at $12. The most probable interpretation of these data is that the
A. supply and demand curves are shifting to the right. B. supply and demand curves are shifting to the left. C. supply curve has shifted to the left, with no change in demand. D. demand curve has shifted to the right, with no change in supply.
In the foreign exchange market, an increase in the world demand for U.S. exports shifts the
A) demand curve for U.S. dollars rightward. B) demand curve for U.S. dollars leftward. C) supply curve for U.S. dollars leftward. D) supply curve for U.S. dollars rightward.
Money is:
A. the clearest example of something that is fungible. B. always recognized as fungible by individuals. C. more fungible in cash form versus as checking account balances. D. All of these are true.
If demand is elastic, a decrease in price leads to a decrease in total revenue
a. True b. False