Which of the following statements is true?
a. Money market mutual funds were originally introduced by the Federal Reserve Bank of New York
b. Money market mutual funds initially constituted serious competition to banks and thrifts for the deposits of savers.
c. Money market mutual funds were not originally offered by commercial banks and still are not offered by them.
d. Money market mutual funds represent a pooling of cash assets from many countries, like dollars, francs, and pesos.
e. Money market mutual funds are not able to offer their customers check-writing privileges.
b
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When determining value added, national income accounting systematically ignore
A) accounting profits. B) economic profits. C) accounting losses. D) the expected market value of unsold inventory.
An increase in the price of butter, a substitute good, would be most likely to cause
a. a rightward shift of the demand curve for margarine b. a leftward shift of the demand curve for margarine c. the quantity of margarine demanded to increase d. the quantity of margarine demanded to decrease e. a decrease in the price of margarine
Capitalism is an economic system in which the production process is controlled primarily by private firms operating in markets
a. True b. False Indicate whether the statement is true or false
When the price of a good increases,
a. the opportunity cost of producing the good will increase, causing the supply to fall. b. the quantity demanded will decrease. c. the quantity supplied will decrease. d. the quantity demanded will also increase.