It is frequently observed that when a city is located next to a major highway, gas stations located close to the highway charge higher prices than gas stations located farther away. This is an example of:
A) first-degree price discrimination.
B) second-degree price discrimination.
C) third-degree price discrimination.
D) illegal price discrimination.
C
Economics
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An open market purchase of securities by the Fed
A) increases banks' reserves and decreases banks' securities. B) decreases banks' reserves and increases banks' securities. C) decreases banks' total assets. D) involves a bank purchasing government securities from the Fed.
Economics
When U.S. banks borrow from one another, they must pay the
A) discount rate. B) prime rate. C) Fed funds rate. D) Interbank Offer Rate.
Economics