What are the two largest expenditure categories in the EU budget?

If the quantity of bank reserves held at the Fed increases, ________

A) the real interest rate increases B) bank deposits decrease C) the number of loans issued by banks decrease D) inflation increases

Suppose you and your friend are in a shopping mall and you borrow $100 from your friend to pay for a pair of shoes that you purchase in a shop. This is an example of

A) direct financing. B) indirect financing. C) moral hazard. D) transaction costs.