A bank holds its reserves as ________ and ________
A) securities; loans B) vault cash; deposits at the Federal Reserve
C) vault cash; loans D) securities; deposits at the Federal Reserve
B
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Under a flexible exchange rate system, the rate that equates demand and supply in the exchange rate market also equates the
a. value of the nation's merchandise exports with the value of its merchandise imports. b. value of the nation's purchases of goods, services, and assets from foreigners with the value of the nation's sales of these items to foreigners. c. debit and credit items on current account transactions. d. debit and credit items on capital account transactions.
Frieda enjoys cooking and baking. Her utility function is U(C, B) = 6C + 3B, where C is the number of hours she spends cooking and B is the hours she spends baking. What is Frieda's MRS of cooking with baking?
A. 1/6 B. 2 C. 6 D. It cannot be determined from the given information.