A bank's net worth is the:
A. Measure of its profitability
B. Value of its vault cash and loan portfolio
C. Claims of its owners against the bank's assets
D. Claims of its creditors against the bank's assets
C. Claims of its owners against the bank's assets
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A balance sheet
A) measures flows of income and expenditure over a given period of time. B) equates flows of revenue with flows of expenditure. C) measures assets, liabilities, and net worth at a giving instance in time. D) None of the above are correct.
Refer to Scenario 1. What is the marginal product of the third hour of labor?
A) 60 B) 80 C) 100 D) 240
M x V is:
a. A stock value. b. A flow value. c. Totally unrelated to stocks and flows. d. Equal to real GDP
If purchasing-power parity holds, the price level in the U.S. is 250, and the price level in Japan is 260, which of the following is true?
a. the real exchange rate is 250/260 b. the real exchange rate is 260/250 c. the nominal exchange rate is 250/260 d. the nominal exchange rate is 260/250