Which of the following assets is the most liquid?
A. Demand deposits
B. Houses
C. Stocks
D. Art
Answer: A
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If the current account balance is -$100 billion and the capital and financial account balance is $80 billion, then the official settlement account balance is
A) -$20 billion. B) $20 billion. C) always 0. D) impossible to determine with the information given.
In the above figure, the intersection of curves A and B is the point at which
A) average total cost is minimized. B) average variable cost is minimized. C) average fixed cost is minimized. D) total product is maximized.
The total indebtedness of the federal government in the form of outstanding interest-earning bonds is the
A) budget surplus. B) trade deficit. C) national debt. D) budget deficit.
Economists believe that the same explanation for the rapid growth of costs applies to services, theatrical performances and restaurant meals.
Answer the following statement true (T) or false (F)