Which statement is true?
A. Large denomination time deposits are generally CDs of at least $10,000.
B. Large denomination time deposits are part of M2, but not M3.
C. M1 is part of M2, which, in turn, is part of M3.
D. None of the statements are true.
C. M1 is part of M2, which, in turn, is part of M3.
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In 2050 it is estimated that the world's most populous country will be:
a. Indonesia b. Japan c. India d. Brazil
Which of the following are financial intermediaries?
a. both banks and mutual funds b. banks but not mutual funds c. mutual funds but not banks d. neither banks or mutual funds
The production possibilities curve tells us:
A. the specific combination of two products that is most desired by society. B. that costs do not change as society varies its output. C. that costs are irrelevant in a society that has fixed resources. D. the combinations of two goods that can be produced with society's available resources.
Redistribution of income from the rich to the poor is achieved from a tax system that requires taxes to rise with income. Which of the following criteria best explains the goal of this tax system?
A. stability B. efficiency C. growth D. equity