If a corporation fails, the first recipients of funds that may remain are

Bob deposits $100 in a bank account that pays an annual interest rate of 5 percent. A year later, Bob withdraws his $105 . If deflation was 7 percent during the year the money was deposited, then Bob's purchasing power has increased by 12 percent

a. True b. False Indicate whether the statement is true or false

A ________ money supply curve implies that the quantity of money supplied is independent of the interest rate

a. horizontal b. vertical c. upward sloping d. downward sloping