According to the U.S. Secret Service, approximately $2.6 billion of U.S. paper currency in circulation is counterfeit
Undetected counterfeit currency which is spent and circulated in the marketplace is an example of the counterfeit currency being used as a
A) medium of exchange. B) store of value.
C) commodity money. D) bank reserve.
A
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The required reserve ratio is 10 percent and Charlie deposits $3,000 in her checking account. The bank must
A) decrease reserves by $300. B) decrease reserves by $3,000. C) increase reserves by $3,000. D) increase reserves by $300. E) not change its reserves until Charlie decides to withdraw her funds.
Which of the following is not a step involved in cost-benefit analysis?
a. Conversion of the costs and benefits to dollar terms. b. Enumeration of the costs and benefits. c. Enumeration of the special interests. d. Enumeration of the options.
In short-run equilibrium in perfect competition,
a. each firm's profit is measured by P - ATC b. each firm's profit is measured by ATC - P c. each firm's (economic) profit is positive d. the amount sold by existing firms at the market price is exactly equal to the quantity consumers demand at that price e. no firm wishes to enter the market
Although asset price bubbles seem obvious after the fact, it is much more difficult to draw such a conclusion before the fact
a. True b. False Indicate whether the statement is true or false