Historically, the most important tool of monetary policy is:
A. the discount rate.
B. market interest rates.
C. reserve requirement ratios.
D. open-market operations.
Answer: D
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Why do many people choose to not read the manuals included with their new computer?
A) They perceive that learning by doing decreases costs faster than learning by reading. B) They perceive that learning by doing is more enjoyable than learning by reading. C) They perceive that learning by reading is not sophisticated. D) They perceive that learning by doing is better than learning by reading.
In the Stackelberg model, there is an advantage
A) to waiting until your competitor has committed herself to a particular output level before deciding on your output level. B) to being the first competitor to commit to an output level. C) to the firm with a dominant strategy. D) to producing an output level which is identical to a monopolist's output level.
In general, GDP per capita is highly correlated with alternative measures of quality of life
a. True b. False Indicate whether the statement is true or false
Which of the following will be classified as a liability on the balance sheet of a commercial bank?
a. vault cash b. loans extended to customers c. checking deposits of customers d. deposits held at a Federal Reserve bank