When the Fed sells $100 million of securities to a commercial bank, the
A) monetary base increases.
B) money supply increases.
C) bank's reserves decrease.
D) required reserve ratio decreases.
E) bank's reserves do not change.
C
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The income effect of a price change refers to the change in the quantity demanded of a good that results from a change in the price of a complementary product
Indicate whether the statement is true or false
The Widget Company has estimated the following revenue possibilities for the year:
Sales Probability 100 0.15 150 0.20 220 0.30 290 0.20 310 0.15 a. Find expected revenue. b. Find the standard deviation. c. Find the coefficient of variation.
Which statement is false?
A. The minimum wage has NOT kept up with the rate of inflation. B. The average real hourly earnings fell steadily from 1973 to 1993. C. Workers with some high school education make about the same average annual earnings as those with high school diplomas. D. It is harder for a middle class student to get a college degree because since 1979, the cost of going to college has gone up twice as fast as the rate of inflation.
With a put option, the option holder:
A. can buy the asset but only on the date specified. B. can buy or sell the asset, it is their option. C. has the right to sell the asset. D. has the right to buy the asset.