This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Money in the United States today includes _______. A. currency and deposits at both banks and the ... (Read 39 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
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
Excellent

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Types of Ore Deposits— Metamorphism Types of Ore Deposits— Metamorphism
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
Jostling. A form of coarse vibration that includes mobilizing joints. Jostling. A form of coarse vibration that includes mobilizing joints.
Atlantic Cod Stocks, Grand and George Banks Atlantic Cod Stocks, Grand and George Banks
The Location and Number of Farms in the United States, 2012 The Location and Number of Farms in the United States, 2012
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Video: Elementary kinetics

For a complete list of videos, visit our video library