This topic contains a solution. Click here to go to the answer

Author Question: Money in the United States today includes _______. A. currency and deposits at both banks and the ... (Read 68 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
Money in the United States today includes _______.
 
  A. currency and deposits at both banks and the Fed
  B. the currency in people's wallets, stores' tills, and the bank deposits that people and businesses own
  C. currency in ATMs and people's bank deposits
  D. the banks' reserves and bank deposits owned by individuals and businesses

Question 2

How do we know when a market is contestable?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bulacsom

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

B Only currency outside of banks is part of money.

Answer to Question 2

A market is contestable when barriers to entry are low. Economic profits encourage new entrants into a market. If they can succeed, then the market is contestable and the market power of the incumbent firm will be diminished.




Capo

  • Member
  • Posts: 545
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

For a complete list of videos, visit our video library