Antitrust lawsare designed to promote competition.
Answer the following statement true (T) or false (F)
True
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If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the currency-deposit ratio is
A) 0.25. B) 0.50. C) 0.40. D) 0.05.
Which of the following is NOT true of a fixed payment loan?
A) The borrower is required to make regular periodic payments to the lender. B) The payments made by the borrower include both interest and principal. C) The borrower is left with a substantial unpaid principal at the maturity of the loan. D) A home mortgage is an example of fixed payment loan.
China's recent economic performance is most similar to the experience of ________
A) the United States in the 1890s B) Japan in the 1960s & 1970s C) Cuba in the 1990s D) the Soviet Union in the 1950s & 1960s
In an open economy, domestic investment equals:
A. domestic saving. B. net capital inflows. C. domestic saving plus net capital outflows. D. domestic saving plus net capital inflows.