Secondary reserves for banks are:
A. the same as the bank's net worth.
B. vault cash.
C. deposits the bank has at the Federal Reserve.
D. mainly the bank's liquid securities.
Answer: D
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Under a fixed exchange rate regime, if a country has an overvalued exchange rate, then its central bank's attempt to keep its currency from ________ will result in a ________ of international reserves
A) depreciating; gain B) depreciating; loss C) appreciating; gain D) appreciating; loss
Which of the following is not a feature of an efficient tax?
a. An efficient tax should minimize the excess burden of taxation. b. An efficient tax should have low compliance costs. c. An efficient tax should be equitable. d. An efficient tax should be easy to monitor and administer.
A prepaid hospital plan created by BaylorHospital for a group of Dallas public school teachers in 1929 is considered the forerunner of what was later called
a. managed care. b. Blue Cross. c. Blue Shield. d. the health maintenance organization. e. major medical insurance.
Figure 3-15
Refer to . Which area represents the increase in producer surplus when the price rises from P1 to P2 due to new producers entering the market?
a.
BCE
b.
ACF
c.
DEF
d.
AFEB