Who is recognized as the founder of public choice theory?
a. James Buchanan.
b. Steve Forbes.
c. Joseph Pechman.
d. Adam Smith.
a
Economics
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Refer to Scenario 25-2. As a result of Kristy's deposit, Bank A's excess reserves increase by
A) $2,000. B) $8,000. C) $10,000. D) $50,000.
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The presence of transactions costs and information costs
A) lowers the cost of funds to borrowers. B) raises the expected return to lenders. C) lowers the expected return to lenders. D) increases the efficiency of the financial system.
Economics