High-powered money is
A) total deposits received by banks within the system.
B) reserves held by banks to meet withdrawals.
C) deposits divided by the reserve holding ratio.
D) the reserve holding ratio divided by the level of deposits.
B
Economics
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Which nation is NOT one of the current members of the European Union?
A) Greece B) Germany C) Sweden D) Norway
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The merchandise trade balance
a. reflects trade in intangibles like insurance and tourism b. includes personal gifts to friends abroad c. records the flow of financial assets like stocks and bonds d. equals the value of imports minus the value of exports e. equals the value of tangible products exported minus the value of tangible products imported
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