Excess reserves
What will be an ideal response?
a bank's reserves over and above its required reserves
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Which of the following are typically financed in a "stock market"?
i. shares sold by a firm to finance its international growth plans ii. new mortgages for home buyers iii. credit card balances A) i, ii and iii B) ii and iii C) ii only D) i and iii E) i only
If two goods are substitutes, a(n)
a. decrease in the price of one will cause an increase in the demand for the other b. decrease in the price of one will cause a decrease in the demand for the other c. increase in the price of one will cause an increase in the supply of the other d. increase in the price of one will cause a decrease in the supply of the other e. increase in the price of one will cause a decrease in the demand for the other
Jack, an outstanding high school baseball player, has to decide whether to sign a contract with a major league baseball organization or to go to college. If Jack is determining his opportunity costs to go to college instead, he would include
A. just the tuition and fees he would pay. B. the tuition and fees he would pay and the costs of books he must purchase. C. the tuition and fees he would pay, the costs of the books he must purchase plus the costs of room and board. D. the tuition and fees he would pay, the costs of books he must purchase, the extra costs of room and board to live on campus minus the income he would receive from playing professional baseball. E. the tuition and fees he would pay, the costs of books he must purchase, the extra costs of room and board to live on campus plus the income he would receive from playing professional baseball.
The value of intermediate goods is excluded from the measurement of GDP in order to:
A. measure GDP in constant prices. B. avoid double counting. C. adjust for inflation. D. index economic activity.