Which of the following statements about the Depository Institutions Deregulation and Monetary Control Act of 1980 is NOT correct?
A) It required all banks to maintain reserve deposits with the Fed.
B) It gave member and nonmember banks equivalent access to discount loans.
C) It halted the decline in Fed membership.
D) It eliminated restrictions on interstate banking for member banks.
D
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In the market for factors of production, firms earn income by selling factors of production to households
Indicate whether the statement is true or false
Health clubs typically experience an increase in one-year memberships in January, but many new customers cancel their memberships before the end of the year. Which of the following is the best explanation for this behavior?
A) Some people fail to treat their membership fees as sunk costs. B) Some people are overly optimistic about their future behavior. C) Some members receive utility from activities they believe are popular. D) Some health club members suffer minor injuries that prevent them from working out.
Supplier power tends to be low when
a. Suppliers are less concentrated b. Inputs provided by the supplier are not vital c. Inputs are homogenous d. All the above
When estimating GDP using the income approach, aggregate income is adjusted by
A. adding net income earned abroad. B. subtracting depreciation. C. subtracting indirect business taxes. D. subtracting net income earned abroad.