Runs on banks occur when
A) banks keep 100 percent of their deposits on hand.
B) depositors are confident that the bank will not go bankrupt.
C) banks make an unusually high number of profitable loans.
D) many depositors attempt to withdraw their funds simultaneously.
D
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In the figure above, the marginal cost of producing a computer
A) increases as more computers are produced. B) stays the same as more computers are produced. C) decreases as more computers are produced. D) is the same as the marginal cost of producing a television set.
Which of the following is NOT an important criterion for whether a good will be usable as a medium of exchange?
A) The good must be of standardized quality. B) The good must be valuable relative to its weight. C) The good must have value even if it were not being used as money. D) The good must be durable so that value is not lost through product spoilage.