If the reserve ratio is designated by "r," the amount of deposits a bank can lend out is equal to [D × (1 - r)].
Answer the following statement true (T) or false (F)
True
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Saving to meet long-term objectives-such as retirement, college attendance, or to purchase a home,-is called ________ saving.
A. public B. precautionary C. life-cycle D. bequest
If you had economic profits of $50,000, implicit costs of $100,000, and sales of $500,000 how much were your accounting profits?
What will be an ideal response?
Monopolistic competition and perfect competition are similar in that each market structure is characterized by
A. advertising. B. a horizontal demand curve. C. the absence of long-run economic profits. D. production at minimum average cost in the long run.
If the official poverty line for a family of four is $12,000, then the Department of Agriculture's minimum food bundle costs a family of four ________ per year.
A. $1,000 B. $3,000 C. $4,000 D. $12,000