Which of the following will most likely happen if there is a surplus of money?
a. Fewer people will invest in treasury bills.
b. Fewer people will exchange money for CDs.
c. More people will transfer money from high interest saving accounts to checking accounts.
d. More people will exchange money for bonds.
d. More people will exchange money for bonds.
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Using the scenario above what might the instructor do to avoid this same result?
What will be an ideal response?
Average revenue minus average total cost equals
a. total economic profit b. total accounting profit c. a normal profit d. economic profit per unit of output e. marginal cost
One of the initial problems facing the newly elected President Clinton was a large budget deficit
a. True b. False Indicate whether the statement is true or false
Which of the following has been a significant factor in DVDs replacing video cassettes (VCs) in the retail home video market?
A) DVDs are now less than one-half the price of VCs. B) A scarcity of production capacity has curtailed the manufacture of VCs. C) Most consumers perceive DVD sound and video reproduction to be of higher quality. D) The price of DVD players has increased dramatically.