Among the assets of commercial banks are excess reserves.
Answer the following statement true (T) or false (F)
True
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A depositor cannot directly write checks against: a. demand deposits
b. transaction deposits. c. nontransaction deposits. d. money market mutual fund accounts.
Refer to Figure 27-10. In the graph above, suppose the economy in Year 1 is at point A and is expected in Year 2 to be at point B. Which of the following policies could Congress and the president use to move the economy to point C?
A) buy Treasury bills B) increase income taxes C) increase government spending D) decrease the discount rate
Most people buy insurance because they
a. are risk lovers b. enjoy the gamble c. are risk neutral d. want to avoid gambles
A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a year, and take over a store building that he owns and currently rents to his brother for $6,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity. What are his explicit costs?
a. $26,000. b. $66,000. c. $78,000. d. $52,000. e. $72,000.