Which of the following is not characteristic of imperfect competition?
A) homogeneous products B) barriers to entry
C) few buyers and sellers D) Both A and C
Answer: A
Economics
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The above table presents the balance sheet of the TBK commercial bank. If the desired reserve ratio is 25 percent, what is this bank's desired reserves?
A) $120 B) $150 C) $175 D) $30
Economics
Which of the following is an example of a forward contract?
A. A farmer near Ames and a local ethanol plant agree on a price and quantity of corn to be delivered later today. B. A farmer near Ames and Key Co-Op agree on a price and quantity of corn to be delivered 6 months from now. C. A farmer near Ames goes short on a futures contract. D. A farmer in Ames sells corn to a Canadian firm.
Economics