Although ________ currency is lighter than coins made of metals, a disadvantage arising from modern technology is the ease of ________
A) paper; transport
B) commodity; counterfeiting
C) fiat; transport
D) paper; counterfeiting
D
Economics
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Suppose you deposit $2,000 into Bank of America and that the required reserve ratio is 10 percent. How does this affect the bank's balance sheet?
A) Required reserves rise by $2,000. B) Excess reserves rise by $1,800. C) Reserves rise by $200. D) Deposits rise by $1,000.
Economics
If the supply of health care services is highly inelastic, programs that subsidize the cost of purchasing medical services will
a. lead to higher prices for medical services. b. lead to lower prices for medical services. c. not affect the price of medical services. d. help the buyers of medical services more than the sellers of those services.
Economics