Which of the following pairs best represents substitute goods?
a. French fries and uncooked potatoes
b. French fries and hot dogs
c. French fries and French toast
d. French fries and fried onion rings
e. French fries and the French chef
D
Economics
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Which of the following has a currency board?
A) Hong Kong B) The United States C) Mexico D) China
Economics
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the M1 money multiplier is
A) 2.5. B) 1.67. C) 2.0. D) 0.601.
Economics