When the actual reserve/deposit ratio is less than the desired reserve/deposit ratio banks:
A. do nothing because this is a profitable situation.
B. stop making loans.
C. make more loans in order to earn interest.
D. send the extra reserves to the central bank.
Answer: B
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Which of the following statements is true?
a. The national debt is the current year's amount by which the government is spending more than it collects as taxes. b. Deficits are financed by the government issuing for sale more government securities. c. The debt ceiling refers to the amount of debt at which the government is officially declared as being bankrupt. d. Internal national debt is the portion of the national debt owed to foreigners.
The model of perfect competition cannot be fruitfully used to analyze markets that don't perfectly fit the description of this market type
a. True. b. False.
Workers displaced by trade eventually find jobs in
a. another country. b. the government sector. c. the industries in which the country has a comparative advantage. d. a different company in the same industry.
If the deductible is $500 and the co-payment is 20%, on a covered expense of $1000 the individual will pay ________, and their insurance company will pay ________.
A. $400; $600 B. $500; $500 C. $500; $600 D. $600; $400