The money multiplier yielded by the deposit-creation formula assumes that
A. banks hold no excess reserves.
B. banks hold excess reserves.
C. recipients of loans take some of the proceeds in cash.
D. recipients of loans do not redeposit their funds in other banks.
Answer: A
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Which of these statements about poverty in the United States is correct?
a. Ownership of capital is more equally distributed than income earned from labor. b. Poverty in the United States has increased dramatically in the last 20 years. c. Individuals who are less productive will earn lower incomes.
Are credit cards or debit cards money? Explain your answer
What will be an ideal response?
Two economists from Northwestern University estimated the benefit households received from subscribing to broadband Internet service
They found that in the year they analyzed, 47 million consumers paid an average of $36 per month to subscribe to a broadband Internet service, and estimated the value of total consumer surplus for these subscribers was equal to $890.4 million. Based on these numbers, what was the average monthly consumer surplus per subscriber for broadband Internet service? A) $0.05 B) $0.77 C) $13.06 D) $18.94
At the state and local levels in the United States, the largest source of tax revenue is
A) grants from the federal government. B) property tax on real estate. C) sales tax. D) individual income taxes.