Which of the following correctly portrays a bank's balance sheet?
A. Total Bank Assets = Total Bank Liabilities + Total Bank Capital
B. Total Bank Assets = Total Bank Capital - Total Bank Liabilities
C. Total Bank Liabilities = Total Bank Capital + Total Bank Assets
D. Total Bank Assets = Total Bank Liabilities - Total Bank Capital
Answer: A
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Suppose there are two countries, X and Y. If the exchange rate, as measured in X's currency, is currently 9, what do citizens of the nation of Y see when they read their newspapers?
a. The exchange rate for X's currency is 9. b. The exchange rate for X's currency is more than 9. c. The exchange rate for X's currency is 3. d. The exchange rate for X's currency is 0.11. e. Knowing one exchange rate does not mean we can tell the other exchange rate.
In the long run, a decrease in the price level: a. leaves output prices unchanged relative to input prices. b. decreases the profit margins of many producers
c. decreases RGDP supplied. d. Does none of the above