Banks keep ________ of deposits as reserves because on a typical day withdrawals are ________ deposits
A) more than 100%; much greater than
B) exactly 100%; about the same as
C) less than 100%; about the same as
D) less than 100%; much greater than
C
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State and local governments rely on ________ as their primary source of tax receipts
A) personal taxes B) contributions for social insurance C) indirect business taxes D) corporate taxes
Bob invests $50 in an investment that has a 50% chance of being worth $100 and a 50% chance of being worth $0. From this information we can conclude that Bob is NOT
A) risk loving. B) risk neutral. C) risk averse. D) rational.
The information to be gathered for a decision depends on which of the following?
a. The current market conditions and on the expected costs and benefits of acquiring the information. b. The model that underlies a decision and on the expected costs and benefits of acquiring the information. c. The cost of the information and the current market conditions. d. The model that underlies a decision and the amount of information that is internally available.
The price system automatically leads to an efficient allocation of inputs among the different production processes
a. True b. False Indicate whether the statement is true or false