Indexing reduces the ability for relative price changes to allocate resources where they are more valuable

When a customer deposits $1,000 in a bank, the deposit is: a. an asset of the Federal Reserve

b. included in M1 if it is currently in a commercial bank's vault. c. a liability to the customer. d. an asset to a commercial bank if it is currently in the bank's vault. e. a liability for the bank as the bank owes it to the customer.

One of the reasons that neighboring countries tend to ally is similar consumer tastes.

a. true b. false