When you open a checking account at Bank of America, Bank of America
A) has more reserves and more excess reserves.
B) has more reserves, but excess reserves remain unchanged.
C) has more deposits and less in excess reserves.
D) has more deposits, but excess reserves remain unchanged.
Answer: A
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Which landmark legislation made it illegal to engage in predatory pricing and also prohibited mergers if it led to weakened competition?
a. Sherman Act b. Robinson-Patman Act c. Cellar-Kefauver Act d. Clayton Act
The variance of a portfolio of assets:
A. approaches 1 as the number of assets increases. B. approaches 0 as the number of assets decreases. C. decreases as the number of assets increases. D. increases as the number of assets increase.
Supply refers to the amount of a product that a producer will offer in the market at some particular price.
Answer the following statement true (T) or false (F)
Excise taxes
A. are aimed at a specific good or service. B. are aimed at a wide range of products. C. are direct taxes. D. are generally progressive in nature.