In setting reserve requirements, the Fed divides deposits into which of the following two broad categories?
a. NOW accounts and ATS accounts
b. savings accounts and non personal time accounts
c. transaction accounts and non personal time accounts
d. check able deposits and transaction accounts
c. transaction accounts and non personal time accounts
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Which of the following statements about setting optimal two-part tariffs for many consumers is NOT true?
A) The number of buyers (entrants) declines as the entrance fee (tariff) increases. B) The profit from the entrance fee (tariff) is a concave function of the tariff because it first increases and then decreases as the tariff increases. C) The profit from the entrance fee (tariff) is a convex function of the tariff because if first declines and then increases as the tariff increases. D) The total profits is composed of the profit from the entrance fee (tariff) and from the profit from sales to buyers.
Other things being equal, an increase in the rate of interest causes
a. an upward movement along the demand for money curve. b. a downward movement along the demand for money curve. c. a rightward shift of the demand for money curve. d. a leftward shift of the demand for money curve.