Money’s principal function is to serve as a
A. standard for making loans.
B. standard for credit reporting.
C. medium of exchange.
D. method for storing wealth.
Answer: C
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The right to own or control a resource is called a ________
Fill in the blank(s) with correct word
China's high net exports must be balanced by:
A. low net capital outflows. B. high net capital outflows. C. lownet imports. D. high net capital inflows.
If excess reserves are $10,000, demand deposits are $100,000, and the required reserve ratio is 10 percent, then total reserves are
A. $0. B. $110,000. C. $20,000. D. $10,000.
With a home monopolist, the imposition of a tariff results in:
a. a higher deadweight loss than a quota. b. a higher price for consumers than a quota. c. a lower deadweight loss than a quota. d. the same welfare effects as a quota.