________________ is defined as "an unconscionable or exorbitant rate of interest."
Fill in the blank(s) with the appropriate word(s).
Usury
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In the above figure, a shift in the budget line in the direction indicated would occur as a result of
A) a decrease in money income. B) an increase in money income. C) a fall in the price of a movie. D) a rise in the price of movie.
The percentage of checkable deposits that banks and other financial intermediaries are required to keep in cash reserves is known as:
a. the fractional reserve requirement. b. the excess reserve requirement. c. the required reserve ratio. d. the discount rate. e. M1.
How does the U.S. Census Bureau define a family?
(A) A father, mother, and children regardless of where they live. (B) Two or more people related by birth, marriage, or adoption who live in the same housing unit. (C) A group of people who live together and share the expenses of a single housing unit. (D) All people who live in a housing unit regardless of relationship.
With imperfect information, prices
A. are the only mechanism to judge efficiency. B. are always above equilibrium. C. may no longer reflect individual preferences. D. are irrelevant in the marketplace.