Which of the following statements is true?
(a) Poland, Denmark and Sweden currently do not use the Euro.
(b) England, Poland and Portugal currently do not use the Euro.
(c) England, Sweden and Malta currently do not use the Euro.
(d) England, Greece and Cyprus currently do not use the Euro.
Answer: (a) Poland, Denmark and Sweden currently do not use the Euro.
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Suppose the CPI for this year is 133.7. This number means that
A) on average, goods cost $133.70 each this year. B) prices rose 33.7 percent over the last year. C) prices rose 133.7 percent over the base year. D) prices rose 33.7 percent over the base year. E) prices rose 133.7 percent over the last year.
Although the National Bank Act of 1863 was designed to eliminate state-chartered banks by imposing a prohibitive tax on banknotes, state banks were able to stay in business by
A) issuing credit cards. B) ignoring the regulations. C) acquiring funds through deposits. D) branching into other states.