The rate of interest that a bank states as its interest rate is the real rate of interest
Indicate whether the statement is true or false
FALSE
Economics
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If Eddie can produce 40 milk shakes or 20 banana splits in an hour, and Tina can produce 30 milk shakes or 16 banana splits in an hour, then Eddie has a comparative advantage in producing milk shakes
Indicate whether the statement is true or false
Economics
When a bank receives a $50 million discount loan from the Federal Reserve, the bank's reserves
A) remain the same. B) increase by less than $50 million. C) increase by $50 million. D) increase by more than $50 million.
Economics