Eurobanks are
A) all European Banks.
B) all non American banks.
C) banks that accept deposits denominated in Eurocurrencies excluding Eurodollars.
D) banks that accept deposits denominated in Eurocurrencies including Eurodollars.
E) banks that do not take U.S. dollars.
D
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When aggregate expenditure is greater than GDP, then there will be an:
A. Unplanned increase in inventories and GDP will increase B. Unplanned decrease in inventories and GDP will increase C. Unplanned increase in inventories and GDP will decrease D. Unplanned decrease in inventories and GDP will decrease
MegaCable and Acme are competing for an exclusive contract to provide the city of Dustin with cable television for the next year. The firm that wins the contract will earn an economic profit of $5 million. The contact will be awarded to the firm that spends the most on lobbying. If both firms spend the same amount on lobbying, then the winner will be determined by a coin flip, so each will have a 50 percent chance of winning. If both firms refrain from spending anything on lobbying, the expected profit from the contract is:
A. $2 million. B. $2.5 million. C. $1 million. D. $5 million.