The measure of saving in the National Income and Product Accounts includes
A) capital gains on stocks, bonds, houses, and other assets.
B) purchases of consumer durables.
C) nominal interest payments which households receive from corporations.
D) all of the above.
C
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The primary function of the reserve requirements imposed by the Fed upon commercial banks is to
A) assure that Federal Reserve Banks will receive deposits with which they can purchase income-earning assets. B) enable the government to borrow in emergencies. C) protect the liquidity of the banking and monetary system. D) protect the solvency of the commercial banking system. E) serve as a control lever for central banking authorities.
Nations get significant advantages if they have a single, valuable, natural resource, with little downside risk
Indicate whether the statement is true or false