Money center banks differ from community banks in all of the following ways except:
A. they obtain their funds primarily through borrowing and not by deposits.
B. they are actively engaged in the money market.
C. they are usually much smaller.
D. they are a much smaller percentage of the total number of banks.
Answer: C
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Assuming the United States sends foreign aid payments to another country. Then, this is shown in the U.S. balance of payments account as a
a. credit in the current account. b. debit in the current account. c. debit in the capital account. d. credit in the capital account. e. credit in the official reserve transactions account.
Which of the following is an example of market failure?
a. Public goods. b. Externalities. c. Lack of competition. d. all of these.
Briefly and concisely define the following terms and explain their relevance to the study of economics
a. industrial and craft unions b. closed shop c. union shop d. bilateral monopoly e. collective-bargaining agreement
An insurance company that writes automobile policies tries to separate safe drivers from risky drivers by offering policies that feature different deductibles and different premiums. This practice is best described as an example of
a. screening. b. behavioral economics. c. monitoring. d. signaling.