Macroeconomics

The increase in tax on state bank notes from 2 to 10 percent provided

The increase in tax on state bank notes from 2 to 10 percent provided state banks incentive to (a) attract more demand deposits and increase the use of checks. (b) increase the amount of state notes and use them to extend bank credit. (c) increase the minting of coins and use them for exchange and […]

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Date: September 10th, 2020

What are demand deposits? (a) Money held by private individuals or co

What are demand deposits? (a) Money held by private individuals or corporations placed in depository accounts at banks (b) Liabilities (things that are owed) to banks and assets (things of value) to depositors or bank customers (c) Checking accounts that depositors can use on demand (d) All of the above   ANSWER (d)

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Date: September 10th, 2020

Which of the following arguments is consistent with the claims of Robe

Which of the following arguments is consistent with the claims of Robert Fogel (1989)? (a) The success of slave labor was tied closely to the number of labor hours per year. (b) Compared to the slaves, the self-sufficient farmers in the North and those in the South were more likely to not work on Sundays, […]

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Date: September 10th, 2020