When a bank needs to increase its reserves, it will
a. call in all its loans
b. stop paying interest on its saving accounts
c. borrow money from the government
d. call in a loan or reduce new lending
e. increase the number of loans it makes
D
Economics
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When a country takes a multilateral approach to free trade, it
a. removes trade restrictions on its own. b. reduces its trade restrictions while other countries do the same. c. does not remove trade restrictions no matter what other countries do. d. is willing to trade with multiple countries at once.
Economics
Before the breakup of AT&T several years ago, profits on long-distance calls offset losses on basic residential service. This practice is known as
A. abuse of monopolistic power. B. cream skimming. C. cross-subsidization. D. the Ramsey rule.
Economics