Which of the following pairs is the best example of substitutes?
a. coffee and cream
b. videotapes and VCRs
c. honey and biscuits
d. bread and butter
e. butter and margarine
E
Economics
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In which of the following assets are commercial banks in the United States NOT allowed to invest checkable deposits?
A) home mortgages B) corporate bonds C) municipal bonds D) U.S. Treasury bonds
Economics
When a central bank sells bonds, cash reserves throughout the financial system increase, interest rates fall, and investment spending increases
Indicate whether the statement is true or false
Economics