The peak oil hypothesis says that the annual world production of oil
a. will not peak for several hundred years.
b. peaked in the past two decades and is now rapidly declining.
c. will peak in the coming decades and then decline.
d. is now peaking and a major decline is imminent.
c. will peak in the coming decades and then decline.
Economics
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When Dale buys a new computer for $1,000 using a credit card,
A) his bank account decreases by $1,000. B) he is taking out a loan for $1,000. C) the credit card is acting as money. D) the money supply decreases by $1,000. E) the credit card is performing the function of an unit of account.
Economics
Which of the following is NOT considered a cash item by banks?
A) U.S. Treasury bills B) deposits at other banks C) deposits at the Federal Reserve D) vault cash
Economics