The Fed has set a uniform reserve requirement of 3 percent for all deposits in the U.S. banking system
a. True
b. False
Indicate whether the statement is true or false
False
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The opportunity cost of one more slice of pizza in terms of sodas is the
A) total number of sodas that we have divided by the total number of pizza slices that we have. B) price of a pizza slice minus the price of a soda. C) number of pizza slices we have to give up in order to get one extra soda. D) total number of pizza slices that we have divided by the total number of sodas that we have. E) number of sodas we have to give up in order to get one extra pizza slice.
An increase in Meta's wealth from $3,000 to $6,000 raises her utility from 80 units to 100 units. If she is risk averse, with a wealth of $9,000 her utility might be
A) 99 units. B) 114 units. C) 120 units. D) 126 units.