A central bank's balance sheet would categorize each of the following as liabilities, except:
A. accounts of the commercial banks.
B. currency.
C. the government's account.
D. loans.
Answer: D
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Increased government borrowing stimulates private borrowing because of its effect on interest rates
a. True b. False Indicate whether the statement is true or false
Suppose the small country of Trantor has a steady growth rate of 2.5 percent. Its GDP is expected to double in
A. 70 years. B. 5 years. C. 2.5 years. D. 28 years.
For the perfectly competitive firm, price
A. equals average total cost. B. equals average revenue and marginal revenue. C. changes as output changes. D. depends on the fixed cost for the firm.