Reserves of banks appear on their balance sheet as liabilities

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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The opportunity cost of producing a bicycle refers to

a. the out-of-pocket payments made to produce the bicycle. b. the value of the goods that were given up to produce the bicycle. c. the bicycle's retail price. d. the marginal cost of the last bicycle produced.

Economics

According to the following graph, at what price of Y are Y2 units demanded? The consumer's income is $1,200.

A. $12 B. $ 8 C. $16 D. $10 E. $15

Economics