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Question 5 1 pts The use of money in the economy eliminates the problem of inflation reduces the transaction costs and allows greater specialization requires the double coincidence of wants makes it easier to exploit the workers

Question 5 1 pts The use of money in the economy eliminates the problem of inflation reduces the transaction costs and allows greater specialization requires the double coincidence of wants makes it easier to exploit the workers

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 5 1 pts The use of money in the economy eliminates the problem of inflation reduces the transaction costs and allows greater specialization requires the double coincidence of wants makes it easier to exploit the workers
Transcribed Image Text:Question 5 1 pts The use of money in the economy eliminates the problem of inflation reduces the transaction costs and allows greater specialization requires the double coincidence of wants makes it easier to exploit the workers
Question 3 1 pts The key to understanding the behaviour of the commercial banks is that they can print money so they have no budget constraint their main goal is to reduce inflation they are more profitable than any other industry so they face no threat of bankruptcy they're private firms trying to maximize their profits Question 4 1 pts If the Scotiabank target reserve ratio is 5% and the client makes a new deposit of $10,000, How much will Scotiabank want to give in new loans? $500 $5,000 $10,000 $9,500
Transcribed Image Text:Question 3 1 pts The key to understanding the behaviour of the commercial banks is that they can print money so they have no budget constraint their main goal is to reduce inflation they are more profitable than any other industry so they face no threat of bankruptcy they're private firms trying to maximize their profits Question 4 1 pts If the Scotiabank target reserve ratio is 5% and the client makes a new deposit of $10,000, How much will Scotiabank want to give in new loans? $500 $5,000 $10,000 $9,500
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