Which of these does not qualify as a "miscellaneous liability" of a bank?
A) borrowings from the Federal Reserve
B) repurchase agreements
C) borrowing from foreign branches
D) large-sized negotiable CDs
D
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Which of the following conditions could lead to an inefficient quantity of pretzels being produced?
A) the existence of many producers of pretzels B) the existence of many consumers of pretzels C) the existence of a single producer and seller of pretzels D) All of the above conditions could cause the actual quantity of pretzels to be an inefficient quantity.
Movie theatres offer senior discounts because
a. Seniors have a more elastic demand for movie tickets b. Seniors have lower incomes c. Seniors have a lower opportunity cost of time d. All of the above
If consumers but not producers expect that the price of soda will rise in November, the
A) supply of soda in October will increase. B) demand for soda in October will decrease. C) demand for soda in October will increase. D) supply of soda in October will decrease.
The long-run market supply curve in a competitive market will
a. always be horizontal. b. be the portion of the MC that lies above the minimum of AVC for the marginal firm. c. typically be more elastic than the short-run supply curve. d. be above the competitive firm's efficient scale.