Joan has the following assets and liabilities:Credit Card balance$1000Cash$200Government bonds$3,000Checking$300Car loan balance$10,000Car$15,000What is Joan's money demand?
A. $500
B. $200
C. $300
D. $1,500
Answer: A
You might also like to view...
The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The difference between the marginal cost curve and the marginal social cost curve equals
A) marginal private cost. B) private cost. C) external cost. D) marginal external cost. E) Coasian cost.
The "greater fool" theory assumes that
A) markets are efficient. B) bubbles cannot exist in well-organized markets. C) it makes sense for an investor to buy an asset as long as there is someone else to buy it later for a higher price. D) bond market returns are always above stock market returns.
Strictly speaking, corporations do not pay taxes
a. True b. False
Which of the following is a characteristic of the oligopoly model?
a. The oligopoly market consists of only a small number of sellers. b. The sellers in an oligopoly market are price takers. c. The output decisions taken by sellers are uniform and steady. d. There are barriers to the exit of firms in an oligopoly market.