If you expect the inflation rate to be 12 percent next year and a one-year bond has a yield to maturity of 7 percent, then the real interest rate on this bond is

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 money supply is ________ billion

A) $8000 B) $1200 C) $1200.8 D) $8400

A hierarchy is usually a group of people who issue orders to subordinates

Indicate whether the statement is true or false