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