A? bank's assets are
A. always greater than the? bank's liabilities.
B. a measure of the? bank's net worth.
C. things owned by or owed to the bank.
D. things the bank owes to someone else.
Answer: C. things owned by or owed to the bank.
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Which of the following scenarios will shift the labor demand curve to the right?
A. an increase in the use of factory automation B. an increase in the price of a competing, substitute input C. a reduction in the wage rate D. a reduction in the demand for the output produced by labor
If the dollar falls from 1.25 euros to 1.00 euro, then the dollar has ________ and the euro has ________
A) depreciated; depreciated B) depreciated; appreciated C) appreciated; appreciated D) shrunk; grown E) appreciated; depreciated
(a) Draw a figure, using the Keynesian IS—LM framework, of an economy in recession
(b) If the Fed's goal is to move output to its full-employment level, what should it do with monetary policy? What will happen to the real interest rate? What is the effect on the price level? Show the result in your diagram. (c) Suppose the Fed decides to keep the money supply unchanged. How could the government use fiscal policy to move the economy to full employment? Show the result in your diagram. (d) How does the real interest rate differ between parts (b) and (c)?
Assets denominated in foreign currency and use in international transactions are referred to as:
A) foreign money B) international reserves C) international monetary base D) foreign exchange