Columbia produces coffee with less labor and land than any other country; it therefore necessarily has
a. an absolute advantage in coffee production

Since October 2008, Congress has granted the Fed an authority to

A) pay banks interest on both required reserves and excess reserves. B) charge banks interest on both required reserves and excess reserves. C) charge banks interest on required reserves but pay them interest on excess reserves. D) charge banks interest on excess reserves but pay them interest on required reserves.

Which of the following is NOT a financial asset?

A) a bond issued by Google B) Wells Fargo Bank C) a home mortgage loan D) a certificate of deposit