When there is an excess quantity supplied
A) the market is in equilibrium.
B) quantity demanded is greater than quantity supplied.
C) quantity demanded is less than quantity supplied.
D) prices will remain stable.
Answer: C
Economics
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A bank run is
A) a large-scale, panicky withdrawal of deposits from a bank. B) the transfer of funds from one bank to another. C) a situation when a bank borrows from the Fed's discount window. D) a situation in which a bank borrows at the Federal funds rate.
Economics
Suppose you own a savings bond that will pay you $100 in 7 years. If the annual interest rate is 2%, what is the present value of the savings bond?
a. $27.91 b. $87.06 c. $93.64 d. $87.06
Economics