Suppose a bank will pay you a 10% interest rate on your deposits for one period. In this case you must sacrifice $10 of current consumption to finance:

A bank's excess reserves are the fraction of a bank's deposits held at the Federal Reserve

Indicate whether the statement is true or false

Economies of scope exist when

A) the total cost of production falls as the output increases. B) a firm hires specialized resources to produce a range of goods and services. C) a firm uses outsourcing to produce a good or service. D) the cost of producing a unit of a good falls as its output increases.