Which of the following can people not get at their commercial banks?
A. certificates of deposit
B. money market deposit accounts
C. money market mutual funds
D. time deposits
Answer: C
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One of the changes in the welfare system of the United States that occurred in 1996 was a move to block grants for states. What advantage(s) might a block grant system allow?
What will be an ideal response?
Because market price always tends back to the minimum average total cost for all identical firms in a perfectly competitive market in the long run, in theory:
A. the supply will remain a constant quantity. B. price will be the same at any quantity. C. the supply curve will be upward sloping. D. the supply curve may be downward sloping.
GDP that has been adjusted for changes in the price level is called: a. nominal GDP
b. real GDP. c. personal income. d. net GDP.
If the price elasticity of supply is 0.8, and price increased by 5%, quantity supplied would
a. increase by 4%. b. increase by 6.25%. c. decrease by 4%. d. decrease by 6.25%.