When the U.S. Treasury purchases gold from a member of the non-bank public, the immediate effect is that __________ and __________
A) reserves increase; currency in circulation decreases
B) reserves decrease; currency in circulation increases
C) reserves increase; Treasury deposits decrease
D) reserves decrease; Treasury deposits increase
C
Economics
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What an economic decision maker must give up when choosing one economic activity over others is known as the
a. alternative cost b. decision cost c. foregone cost d. opportunity cost e. accounting cost
Economics
In the calm before the storm of the early 1990s recession, the economy was fueled by many factors including debt-financed purchases by some firms of all the stock or assets of other firms. These purchases were known as
a. hostile takeovers b. junk bonds c. leveraged buyouts d. stock swaps e. derivatives
Economics