If a bank has ________ rate-sensitive assets than liabilities, then ________ in interest rates will increase bank profits
A) more; a decline
B) more; an increase
C) fewer; an increase
D) fewer; a surge
B
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If 400 apple pies are sold at $4 per pie, but 500 apple pies are sold at $3 per pie, we know from the total revenue rule: a. that the demand for pies is elastic over that price range
b. that the demand for pies is inelastic over that price range. c. that the demand for pies is unit elastic over that price range. d. nothing about the elasticity of demand.
The gold standard dominated exchange rate systems during what period?
A) from 1776 to 1816 B) from 1836 to 1849 C) from 1870 to 1913 D) from 1945 to 1965
Debt is measured relative to GDP because:
A. as long as this ratio remains high, the government will have no trouble repaying the debt. B. GDP is always used as a reference point in economics. C. the ability of a country to pay off its debt depends on its productive capacity. D. the ability to produce output depends on the size of the nation's debt.
Money market deposit accounts are included in:
A. M1 only. B. M2 only. C. neither M1 nor M2. D. both M1 and M2.