Credit cards are not a form of money because
A) money needs to be tangible (not virtual).
B) credit cards just extend a loan.
C) credit cards just relate to an account.
D) credit card balances are in fact counted as money.
B
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The techniques of regulation used in the U.S. are
(a) meant to solve basic problems, but they create others. (b) meant to re-enforce the "decisions of the marketplace." (c) meant to manage problems rather than solve them. (d) designed to make the economy more efficient than is possible with only the free market mechanism.
The impact of a strike is limited to the ability of the union to
A) prevent replacement workers from continuing their work. B) lower its wage demands of non-union members. C) control the pension fund. D) none of the above.
The reserve ratio is 20 percent. The Fed buys? $1 million in government securities from a bond dealer by transmitting the funds to the? dealer's deposit account at Bank A. Bank A makes the maximum loan possible to a construction? company, which buys materials with the loan. The check is deposited in Bank? B, which loans out all it can to a car dealership. To this? point, the money supply has increased by
A) $1 million B) $1.8 million C) $2.44 million D) $3 million.
A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in:
A. frictional unemployment. B. structural unemployment. C. cyclical unemployment. D. a higher labor force participation rate.