Which of the following would most likely serve as an example of a monopoly?
a. a bakery in a large city
b. a bank in a large city
c. a local cable television company
d. a small group of corn farmers
Ans: c. a local cable television company
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Which of the following are reported as liabilities on a bank's balance sheet?
A) reserves B) checkable deposits C) consumer loans D) deposits with other banks
Which of the following is NOT a problem with excessive debt?
A) It worsens the central government's budget position by adding large debt service payments to other budget items. B) It reduces the quantity of resources available to invest in economic development. C) If debt service is substantial, schools, health clinics, roads, ports, other infrastructure, and social needs are less likely to be addressed. D) It can reduce the chance of a crisis.