If a firm's profit is $0, then it must be true that
A. TR equals TVC.
B. TR equals TFC.
C. TFC is zero.
D. TR equals TC.
Answer: D
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Each bank may lend money greater than its excess reserves.
Answer the following statement true (T) or false (F)
Recent decades have seen a trend toward globalization, which means that buying and selling in markets have crossed national borders to an increasing extent. As a result, firms and workers from different countries are increasingly interconnected. Globalization has occurred for a number of reasons. List three reasons and briefly describe their effect contributing toward globalization.
What will be an ideal response?
To the extent that households are target savers who save to reach a specific goal, an increase in the interest rate ________ household saving and a decrease in the interest rate ________ household saving.
A. increases; decreases B. does not affect; increases C. increases; does not affect D. decreases; increases
As the financial crisis of 2007 began, a key issue was reduced access to funding for banks and other financial institutions.
Answer the following statement true (T) or false (F)