By making exchange ________, money allows for ________ and higher ________
A) harder; specialization; costs
B) easier; specialization; productivity
C) harder; generalization; productivity
D) easier; specialization; costs
Answer: B
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Commercial bank reserves are typically less than 1 percent of total assets, however in 2013 bank reserves ________ because of ________
A) rose to around 88 percent; the financial crisis of 2008-2009 B) dropped drastically to near zero; the financial crisis of 2008-2009 C) rose to around 18 percent; the financial crisis of 2008-2009 D) dropped drastically to near zero; the wave of natural disasters experienced in the nation and around the world E) rose drastically to around 18 percent; the wave of natural disasters experienced in the nation and around the world
Which of the following expeditions is associated with Vasco Da Gama?
a. Rounding the Cape of Good Hope b. Sailing from Portugal to India and back to Portugal c. Sailing around the world d. Reaching South America e. Exploring Newfoundland
Money illusion occurs when we compare dollar amounts
A. without adjusting for inflation. B. between two years. C. without adjusting for technology. D. between the CPI and the GDP.
The money supply is $6 million, currency held by the nonbank public is $2 million, and the reserve-deposit ratio is 0.1. The monetary base is equal to
A. $2.4 million. B. $4 million. C. $2 million. D. $2.6 million.