Refer to the figure below. There would be an excess supply of 25 at a price of ________.

A. $35
B. $20
C. $50
D. $45

Answer: C

Economics

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In addition to

a. performing financial intermediation, banks are important in that they help create a medium of exchange. b. serving as financial markets, mutual funds are important in that they help create a store of value. c. serving as stores of value, stocks and bonds also serve as media of exchange. d. All of the above are correct.

Economics

Political instability is an impediment to development mainly because it:

A. undermines both domestic and foreign investment in a developing country. B. creates cultural and social differences among groups in developing countries. C. produces excessive levels of domestic saving. D. redistributes income.

Economics