Unlimited liability is a distinct advantage of the proprietorship
a. True
b. False
Indicate whether the statement is true or false
False
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The money supply that consists of currency, transaction deposits, and traveler's checks is
A) the fiduciary monetary system. B) M1. C) M2. D) the liquidity approach.
The total number of governments in the United States has increased since 1972
a. True b. False
If the Fed sells $10 million in bonds to a bank, and the required reserve ratio is 20 percent, then the banking system can:
a. decrease the money supply by up to $10 million. b. decrease the money supply by up to $40 million. c. decrease the money supply by up to $50 million. d. decrease the money supply by up to $2 million. e. increase the money supply by up to $50 million.
Which of the following goods is likely to have a derived demand?
a. Tractor b. T-shirt c. Italian food d. Residential buildings e. Cigarettes