The net income of a firm is the firm's
A. profits.
B. total revenue.
C. retained earnings.
D. capital income.
Answer: A
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A one-year bond has an interest rate of 5% today. Investors expect that in one year, a one year bond will have an interest rate equal to 7%
According to the expectations theory of the term structure of interest rates, in equilibrium, a two-year bond today will have an interest rate equal to A) 3.0%. B) 5.0%. C) 5.5%. D) 6.0%.
A bank has $50,000 in excess reserves and the required reserve ratio is 10 percent. This means the bank could have __________ in checkable deposit liabilities and __________ in (total) reserves
A) $500,000; $90,000 B) $100,000; $20,000 C) $50,000; $25,000 D) $250,000; $75,000
Suppose a firm's total revenue is $100 when it sells 10 units, and $110 when it sells 11 units. The firm, therefore, is a(n):
A. oligopolist. B. monopolistic competitor. C. pure monopolist. D. perfect competitor.
Which of the following is NOT an important source of revenue for the federal government?
A. property taxes B. individual income taxes C. corporate income taxes D. social insurance taxes and contributions