For a depository institution, reserves are:
a. assets on the balance sheet.
b. loans to individuals and businesses.
c. borrowings from the central bank.
d. liabilities it owes to customers.
e. checkable deposits.
a
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Explain the negative long-term effects that statistical discrimination in the labor market can have on the incentives to invest in education and skills
What will be an ideal response?
If the price of gasoline increases and the price of food remains the same, then real income measured in terms of
A) gasoline increases. B) gasoline decreases. C) food increases. D) food decreases.
If a consumer spends all of his or her income and the marginal utility per dollar is equal for all goods, then
A) marginal utility is maximized. B) total utility is maximized. C) a consumer could not be better off even with greater income. D) the proportion of income spent on each good must be equal.
By 1916, there were 340,000 corporations in the U.S. The growth in the number of corporations was partly due to
a. increasing numbers of urban dwellers. b. the development of formal markets for stocks and bonds. c. the acceptance by most states of the doctrine of limited liability. d. mass production which led to lower per-unit costs for output. e. All of the above.