If the reserve ratio is 10 percent, the money multiplier is equal to 10.
Answer the following statement true (T) or false (F)
True
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As shown in the above table, Sam enjoys sailing and skiing equally well. Which of the following is TRUE?
A) Sam will not consume the same number of hours of sailing and skiing if the price per hour of sailing is more than that of skiing. B) If the prices per hour of sailing and skiing are the same, Sam will not spend the same number of hours at each activity. C) The marginal utility of the 3rd hour of either sailing or skiing is 120. D) None of the above is true.
The payoff method used by the FDIC to address the insolvency of a bank is when the FDIC:
A. pays the owners of the bank for the losses they would otherwise face. B. pays off the depositors up to the current $250,000 limit, so it is possible that some depositors will suffer losses. C. pays off all depositors the balances in their accounts so no depositor suffers a loss, though the owners of the bank may suffer losses. D. takes all of the assets of the bank, sells them, pays off the liabilities of the bank in full, and then replenishes their fund with any remaining balance.
The graph shows the market for ski chalets in Aspen. If a rent ceiling is set at $1,900 a week, then the maximum amount charged in the black market is ________ a week
A) $1,900 B) $2,050 C) $2,125 D) $225 E) $150
Which of the following would cause a decrease in the supply of milk?
A) an increase the price of a product that producers sell instead of milk B) an increase in the price of cookies (assuming that milk and cookies are complements) C) an increase in the number of firms that produce milk D) a decrease in the price of milk