Financial monetary assets which often cannot be readily used in commercial exchanges are included in
A. credit cards.
B. M2.
C. M1.
D. prepaid accounts.
Answer: B
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The word "final" in the definition of GDP refers to
A) not counting intermediate goods or services. B) the time period when production took place. C) valuing production at market prices. D) counting the intermediate goods and services used to produce GDP.
When OPEC raised the price of oil in 2000 (gasoline prices were $2 per gallon), it contributed to
a. demand-pull inflation b. cost-push inflation c. demand-push inflation d. cost-pull inflation e. cost-push deflation
Which statement is false?
A. Between 1789 and 1812 the United States' population doubled. B. Between 1812 and 1835 the United States' population doubled. C. Between 1835 and 1858 the United States' population doubled. D. None of the statements are false.
The above table gives assets and deposits for a (small) bank. The bank's reserves are equal to
A) $20. B) $30. C) $600. D) $630. E) $620.