Exhibit 8-12 Marginal revenue and cost per unit curves
As shown in Exhibit 8-12, the price that will yield zero economic profit is:

Which of the following is NOT a tool used by the Fed to implement monetary policy?

A. Printing Federal Reserve notes and minting coins B. The discount rate C. The reserve requirement D. Open market operations

If a bank has $150 million in assets and a net worth of $20 million, its asset-to-equity ratio is:

A. 6.5 to 1. B. 0.15 to 1. C. 7.5 to 1. D. 0.13 to 1.