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
You might also like to view...
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.
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
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