The reserve-deposit ratio equals:
A. bank deposits divided by bank reserves.
B. 10 percent of bank reserves.
C. bank reserves divided by bank deposits.
D. 10 percent of bank deposits.
Answer: C
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Which of the following goods is likely to be sold through an auction?
A) a loaf of bread from a local bakery B) the rights to drill for oil on a specified 200 acres in Texas C) an ear of corn D) a bag of flour
Trickle-down" which argues that the benefits of policies (tax cuts, etc.) which positively impact higher-income households and businesses, eventually will trickle down to those in lower income brackets and stimulate the economy.
What will be an ideal response?
Which type of audit features the task of interviewing employees?
a. financial statement audit b. salary audit c. operational audit d. compliance audit e. integrated audit
The basic difference between macroeconomics and microeconomics is:
A. microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade. B. microeconomics concentrates on the behaviour of individual consumers while macroeconomics focuses on the behaviour of firms. C. microeconomics concentrates on the behaviour of individual consumers and firms while macroeconomics focuses on the performance of the entire economy. D. microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment.