An asset for a commercial bank is its US govt securities (treasury bonds, bills, and notes)
a. true
b. false
Ans: a. true
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The money demand curve has a
A) positive slope because an increase in the price level increases the quantity of money demanded. B) negative slope because an increase in the interest rate decreases the quantity of money demanded. C) negative slope because an increase in the price level decreases the quantity of money demanded. D) positive slope because an increase in the interest rate increases the quantity of money demanded.
If the short-run equilibrium position for a monopolistically competitive firm is P = $28.47, ATC = $22.13, and MC = MR = $17.47, which of the following statements is true?
a. The firm's economic profit is $11. b. Additional firms will be attracted into the industry. c. The firm could raise price and increase profit. d. The firm could lower price and increase profit. e. The firm is producing on the upward-sloping segment of its ATC curve.
Today the primary organization that countries use to negotiate trade issues is
a. the World Trade Organization. b. the General Agreement on Tariffs and Trade. c. the United Nations. d. the European Union.
Most savers:
A. lend their money directly. B. deposit their savings into banks, retirement accounts, and life insurance companies. C. do not use proxies to decide who to lend their money to. D. All of these are true.