Back to the text: Amar is a safekeeper of people's gold (their money). He is a smart businessman who does not gamble and keeps 20 percent of the deposited gold on reserve to handle the transactions demands of depositors. Amar holds to a sound

a. excess reserve depletion rate
b. liquidity of money
c. volatility of money
d. fractional reserve rule
e. quantity theory of money

D

Economics

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A situation in which a single individual can provide a public good is known as

A) a monopoly. B) the volunteer's dilemma. C) eminent domain. D) diffusion of responsibility.

Economics

When consumers decide to increase household debt, this action will:

A.  Shift the consumption schedule upward B.  Shift the consumption schedule downward C.  Increase the amount consumed along a stable consumption schedule D.  Decrease the amount consumed along a stable consumption schedule

Economics