Applying for a loan in five-person groups is an example of:
A. trade-off.
B. group responsibility.
C. party of five lending.
D. family and friends lending.
Answer: B
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This method of financing government spending is frequently called printing money because high-powered money (the monetary base) is created in the process
A) financing government spending with taxes B) financing government spending through a Treasury sale of bonds that are then purchased by the Fed C) financing government spending by selling bonds to the public, which pays for the bonds with currency D) financing government spending by selling bonds to the public, which pays for the bonds with checks
If a price ceiling of $8 were placed in the market in the graph shown:
A. an excess supply of 7 would occur.
B. an excess supply of 15 would occur.
C. an excess supply of 23 would occur.
D. None of these is true.
_________ include a company's credit history, sales volume, product lines, accounts receivable, inventory balances, and management structure.
a. Internal constraints b. External constraints c. Budgetsd. Economic environments e. Balance sheets
City Bank has $5 million in deposits, $600,000 in cash on hand, and no funds on reserve with the Fed. With a required reserve ratio of 10 percent, City Bank has ______ available to lend to borrowers.
a. $600,000 b. $100,000 c. $500,000 d. $4,500,000