A liability of the central bank in functioning as the bankers' bank is:
A. securities.
B. currency.
C. loans.
D. accounts of commercial banks.
Answer: D
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The additional cost resulting from a small increase in some activity is called the
A) marginal cost. B) diminishing returns of the activity. C) opportunity cost. D) marginal benefit.
For a firm with market power, advertising expenditures affect all of the following except which one?
A) total cost B) demand curve C) marginal cost D) marginal revenue
Economic profits at the short-run break-even point are
A) positive. B) negative. C) equal to zero. D) indeterminate since they also depend on the size of the fixed costs.
There is a trade-off between:
A. Saving and investment B. Current production and future consumption C. Current consumption and future consumption D. Consumption and spending