A bank is legally required to hold a fraction of its ________ as ________
A) deposits; required reserves
B) deposits; excess reserves
C) loans; excess reserves
D) loans; required reserves
Answer: A
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An incentive compensation scheme includes
a. a performance evaluation system b. a disciplinary action committee c. a reward system linked to performance d. Both A&C
Diseconomies of scale are pictured on a graph by the upward-sloping portion of the
a. marginal product curve b. short-run marginal cost curve c. long-run marginal cost curve d. short-run average cost curve e. long-run average cost curve
The way to prevent the national debt from growing is for the budget not to be in deficit
a. True b. False Indicate whether the statement is true or false
Which of the following about minimum wage is true?
a. Most minimum wage workers are employed more than 40 hours per week. b. Economic analysis indicates an increase in the minimum wage would increase the training opportunities available to inexperienced workers. c. Most minimum wage workers are heads of families with incomes below the poverty level. d. Most minimum wage workers are employed part-time, and they are often members of a household with an income well above the poverty level.