Required reserves are a set percentage of total reserves that must be held in cash in a bank's vault or in the bank's reserve account at the Fed
Indicate whether the statement is true or false
False
Economics
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The Walt Disney Company uses cost-plus pricing to determine the prices it charges for admission and rides at Disneyland and Walt Disney World
Indicate whether the statement is true or false
Economics
By 1850, the single largest U. S. commodity export (in terms of value) was:
a. iron railroad tracks. b. wheat. c. cotton. d. slaves.
Economics
For a monopolist to practice price discrimination, one necessary condition is that the product offered for sale must be:
a. high quality. b. expensive. c. cheap. d. impossible or difficult to resell.
Economics
The U.S. bond rating was devalued from AAA to AA+ in 2011 due to the rise in government debt
a. True b. False Indicate whether the statement is true or false
Economics