A bank that has $10,000 in excess reserves can extend new loans up to a maximum of:
A. $1,000.
B. $9,000.
C. $10,000.
D. $100,000.
Answer: C
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"Essential elements" refers to
A. tasks that are most important for job success. B. activities and duties rated critical by management. C. tasks that cannot be reassigned to other workers. D. highly rated tasks in a task inventory.
Explain why, when all adjustment have taken place, the perfectly competitive firm will operate at the minimum of its short-run and long-run average total cost curves and earn zero economic profit
What will be an ideal response?
The proposition that the amount of goods and services produced in an economy in the long run is not affected by the price level is known as the ________
A) neutrality of money B) classical dichotomy C) quantity theory of money D) Fisher effect E) none of the above
The Fair Labor Standards Act of 1938
A. Eliminated minimum wages created during World War I. B. Granted women the right to work in nonclerical occupations. C. Set a minimum wage of 25 cents per hour. D. Established maximum work hours per day.