According to the text, over 40 percent of member nations of the International Monetary Fund have
A) a fixed exchange rate.
B) no separate legal currency.
C) an independently floating exchange rate.
D) a managed floating exchange rate.
A
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The main reason a monopolist can earn long-run economic profit, whereas a perfectly competitive firm cannot, is that
a. monopolists operate under economies of scale b. perfectly competitive firms have opportunity costs c. demand for the monopolist's output is inelastic d. demand for the monopolist's output is elastic e. there are no barriers to entry in perfect competition
Suppose you found $1,000 hidden in your mattress and deposited it in a demand deposit account at your bank. If the reserve requirement was 20 percent, the deposit would directly create ____ in excess reserves and ultimately lead to a ____ total increase in the money supply, if all banks in the system lend out 100 percent of their excess reserves
a. $800; $4,000 b. $800; $5,000 c. $1,000; $4,000 d. $1,000; $5,000