Market structure is determined by the
a. volume of discounts, the quantity of foreign exchange, and the effects of Federal Reserve policy
b. influence of government policy, the number of qualified buyers, and the effect of generally accepted accounting principles
c. number of buyers and sellers, whether the product is standardized, whether there is free entry and exit, and how well informed the buyers and sellers are about the market
d. volume of discounts, the effect of generally accepted accounting principles, and Federal Reserve policy
e. influence of government policy, the quantity of foreign exchange, and the effects of Federal Reserve policy
C
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If the required reserve ratio is .25, demand deposits are $400 million, and total reserves are $150 million, then excess reserves are
A) $25 million. B) $50 million. C) $75 million. D) $125 million.
By definition, there is discrimination when the marketplace offers different opportunities to similar individuals who differ only by
a. race, ethnic group, sex, age, or other personal characteristics. b. qualifications, experience, or job preferences. c. levels of human capital. d. All of the above are correct.