Over the last ten years which geographic area or country had the highest per capita growth rate?
A. Western Europe
B. China
C. Latin America
D. North America
Answer: B
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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
Temporary, short-term discount loans to banks in areas in which agriculture and tourism are important are known as
A) primary credit. B) secondary credit. C) seasonal credit. D) repo loans.
When used in a professional or technical sense, the law of supply and demand refers to
a. some vague influences on economic affairs. b. the fact that prices go up when commodities are scarce. c. the market forces that show how prices and quantities are determined. d. the controls that regulate the amount of scarce goods that each consumer can purchase.
Economic growth can be measured by:
(a) The Consumer Price Index; (b) The National Household Quarterly Survey; (c) Gross Domestic Product; (d) Marginal Propensity to Consume.