A bank's liabilities are
A) things owned by or owed to the bank.
B) things the bank owes to someone else.
C) a measure of the bank's net losses.
D) included as part of the bank's reserves.
Answer: B
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For a major country with extensive capital flows, what is the effect of a decrease in interest rates?
A. A currency depreciation and increased net exports B. A currency depreciation and reduced net exports C. A currency appreciation and increased net exports D. A currency appreciation and reduced net exports
The slope of the consumption function is equal to:
A) the marginal propensity to consume. B) autonomous consumption. C) the marginal propensity to save. D) zero.
Which of the following would be considered open-access common property?
A) a library B) the world wide web C) a company gym D) broadcast television
The Department of Commerce sums the payments made to resources to arrive at GDP in the form of wages, rents, interest, profits, indirect taxes, and depreciation. This method of deriving GDP is called the:
a. opportunity cost approach. b. income approach. c. expenditure approach. d. monetarist approach.