What is a market demand curve?
a. a table showing how much of a product an individual is willing and able to buy
b. a table showing how much of a product a market is willing and able to buy
c. a graph showing how much of a product an individual is willing and able to buy
d. a graph showing how much of a product a market is willing and able to buy
Answer: d. a graph showing how much of a product a market is willing and able to buy
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In May, Jones thinks the upcoming summer's corn crop will be much lower, and the November corn price will be much higher than most people expect. To act on his belief, Jones would
A) sell November corn futures. B) buy November corn futures. C) simultaneously buy and sell November corn futures. D) profit only by waiting to see if his original conclusion was correct.
Which of the following is an example of a bank's assets?
A) reserves borrowed from the Fed B) checkable deposit C) vault cash D) savings deposits