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Author Question: Which of the following financial institutions does NOT have to meet minimum reserve ratios? i. ... (Read 74 times)

luminitza

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on: Jun 29, 2018
Which of the following financial institutions does NOT have to meet minimum reserve ratios?
 
  i. the Fed
  ii. commercial banks
  iii. credit unions
  A) i only
  B) ii only
  C) iii only
  D) ii and iii
  E) i, ii, and iii

Question 2

Bonnie can produce either 10 hats or 20 scarves in a month. Phil can produce either 10 hats or 5 scarves in a month. Therefore:
 
  A) Phil has a comparative advantage in hats, Bonnie in scarves.
  B) Bonnie has a comparative advantage in hats, Phil in scarves.
  C) Phil has a comparative advantage in both hats and scarves.
  D) Bonnie has a comparative advantage in both hats and scarves.
  E) Neither of them has a comparative advantage in hats.


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trampas

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


luminitza

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dnite

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  • Posts: 297
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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