The term barter refers to exchanges made:
a. only with the use of money.
b. without the use of money.
c. outside the U.S. economy.
d. only in underdeveloped countries.
e. within countries in a monetary union.
b
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In the simple deposit expansion model, if the required reserve ratio is 20 percent and the Fed increases reserves by $100, checkable deposits can potentially expand by
A) $100. B) $250. C) $500. D) $1,000.
In 2008 if the poverty line had been set higher, the poverty rate would have been _______.
Fill in the blank(s) with the appropriate word(s).
The rate of interest charged by the Fed and paid by banks when they borrow reserves from the Fed is called the
A. prime rate. B. real interest rate. C. reserve rate. D. discount rate.
What is the domestic price of sugar in a closed economy?
A. $2,000/ton B. $500/ton C. $3,000/ton D. $1,000/ton