Which of the following would be an asset on a consolidated balance sheet for a commercial bank?
a. Checkable deposits
b. Time and savings deposits
c. Reserves held on deposit at the Federal Reserve
d. Borrowing from the Federal Reserve
C
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If the production of a sofa requires the purchase of 3 types of inputs and the production of a harp requires the purchase of 30 types of inputs,
a. the harp-producing firm will buy the sofa-producing firm b. the sofa-producing firm will buy the harp-producing firm c. harp production is more likely to be done by firms than sofa production is d. sofa production is more likely to be done by firms than harp production is e. both harp and sofa production will always be done by firms because there is more than one input involved in each
Which of the following describe the benefits and costs of the Clean Air Act from 1970 to 1990?
a. benefits: $22 trillion; costs: 44 times greater than benefits b. benefits: $500 trillion; costs: $22 trillion c. benefits: $22 trillion; costs: $500 billion d. benefits: 44 times less than costs; costs: $500 billion
Which of the following is an advantage of an indexed equity mutual fund relative to a managed equity fund?
a. Indexed funds generally have better stock pickers. b. Indexed funds engage in more detailed research. c. Indexed funds have lower operating costs because they engage in less stock trading. d. Indexed funds earn a significantly higher rate of return than a broad portfolio that represents the entire stock market.
The national debt is unlikely to cause national bankruptcy because the federal government can:
a. raise taxes. b. print money. c. refinance its debt. d. all of these.