What is the potential money multiplier if the reserve requirement is 4%?
a) 2.5
b) 4
c) 14
d) 25
Ans: d) 25
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The table above gives Jane's total utility from magazines and CDs. What is the marginal utility of the sixth CD?
A) 150 units B) 100 units C) 50 units D) 5 units
Which of the following actions would the Fed undertake if it wants to follow a more restrictive monetary policy?
a. sell some of its holdings of government bonds b. decrease government expenditures c. urge the Treasury to sell more U.S. securities d. reduce the reserve requirements
When he was 18, Hussam put $100 into an account at an interest rate of 8 percent. He now has $158.69 in this account. For how many years did Hussam leave this money in his account?
a. 5 years b. 6 years c. 7 years d. 8 years
The supply curve shows the relationship between
A. the demand and supply schedules. B. price and quantity supplied. C. income and quantity supplied. D. quantity demanded and quantity supplied.