Which of the following is considered economic capital?
A. the knowledge an individual acquires through education
B. 20,000 Swiss francs
C. a U.S. Treasury bond
D. 500 shares of Google stock
Answer: A
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Which of the following would a bank NOT hold as insurance against the highest cost of deposit outflow-bank failure?
A) excess reserves B) secondary reserves C) bank capital D) mortgages
The capital account keeps track of the amount of
a. foreign-owned machinery in a country b. domestically owned machinery in foreign countries c. exports and imports of goods only d. exports and imports of goods and services e. assets in one country owned by citizens of another
If the marginal propensity to save (MPS) is 0.25, the simple multiplier is _____
a. 25 b. 75 c. 5 d. 3/4 e. 4
Refer to the graph below with three demand curves. An "increase in quantity demanded" would be illustrated by a change from:
A. Point 4 to point 6
B. Point 5 to point 1
C. Point 4 to point 1
D. Point 2 to point 5