Which of the following statements is correct? I. The Fed can periodically and without warning examine member commercial banks to ensure that they are conforming to current banking standards. II The Fed helps the government collect certain tax revenues and aids in the purchase and sale of government securities.
A) I only
B) II only
C) Both I and II
D) Neither I nor II
Answer: C) Both I and II
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Refer to the table below. The marginal cost of the 3rd unit of this activity is:Units ofActivity TotalCostTotalBenefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. $30 B. $10 C. $20 D. $25
A firm's total revenue minus its total opportunity cost is called its
A) accounting profit. B) normal profit. C) economic profit. D) abnormal profit. E) entrepreneur's profit.
Suppose the price of a football is $20.00 and the price of a basketball is $10.00. The ________ of a football is ________
A) relative price; 2 basketballs per football B) relative price; 1/2 basketball per football C) opportunity cost; $20.00 D) opportunity cost; $10.00
The FDIC handles most bank failures by the __________ method
A) payoff B) nationalization C) purchase and assumption D) share transfer