The shadow banking system refers to
A) nonbank financial intermediaries.
B) banks that operate in the underground economy.
C) banks that lend exclusively to foreign governments.
D) all banks that are insured by the Federal Deposit Insurance Corporation.
A
Economics
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Suppose each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the short run, an increase in the price of shovels will result in
A) fewer shovels being purchased. B) more workers being hired. C) a decrease in the firm's output. D) no change in the firm's output.
Economics
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.
Economics