All of the following statements about secondary credit are true EXCEPT
A) they are temporary, short-term loans to satisfy seasonal requirements.
B) the secondary credit interest rate is set above the primary credit rate.
C) it is intended for banks not eligible for primary credit.
D) borrowers of secondary credit are less financially healthy.
A
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If a firm's MRP of capital = MFC, the firm
a. is at its profit-maximizing use of loanable funds b. should decrease its quantity demanded of loanable funds c. should increase its quantity demanded of loanable funds d. should hire more labor e. should raise the interest rate
Unions typically ____ deregulation because it generally makes pricing ____ competitive.
A. oppose; more B. oppose; less C. support; more D. support; less
The incidence of a tax pertains to:
A. the degree to which it alters the distribution of income. B. how easy it is to evade the tax. C. who actually bears the burden of a tax. D. the progressiveness or regressiveness of tax rates.
The individual quantity demanded is the amount that the buyer is allowed to purchase at a given price.
Answer the following statement true (T) or false (F)