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Which of the following best fits the economist's definition of money?

an obligation between the parties to a transaction

any medium of exchange

any commodity or token that is generally acceptable as a means of payment

any unit of account

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If a bank's desired reserves exceed its actual reserves, what action does the bank take?

The bank has excess reserves.

The bank makes a profit.

The bank calls in loans.

The bank can make new loans.

The bank goes out of business.

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Which of the following items is not money?

Canadian currency

a business non-chequable deposit

a personal non-chequable deposit

a chequable deposit

e-transfer and e-cash

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Real interest rate (percent per year)	Loanable funds demanded (trillions of 2012 dollars)	Loanable funds supplied (trillions of 2012 dollars)
4	6.5	4.5
5	6.0	5.0
6	5.5	5.5
7	5.0	6.0
8	4.5	6.5
9	4.0	7.0
10	3.5	7.5

Refer to Table 7.2.1, which gives data about a loanable funds market. If households increase their saving by $0.5 trillion at each real interest rate, what is the new equilibrium real interest rate?

6.0 percent a year

5.5 percent a year

4.5 percent a year

6.5 percent a year

5 percent a year

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Real interest rate (percent per year)	Loanable funds demanded (trillions of 2012 dollars)	Loanable funds supplied (trillions of 2012 dollars)
4	6.5	3.5
5	6.0	4.0
6	5.5	4.5
7	5.0	5.0
8	4.5	5.5
9	4.0	6.0
10	3.5	6.5

Refer to Table 7.3.6, which shows an economy's demand and supply of loanable funds schedules when the government's budget is balanced. If the government's budget becomes a deficit of $2.0 trillion and the Ricardo-Barro effect occurs, what is the real interest rate?

6 percent a year

6.5 percent a year

5 percent a year

7 percent a year

4 percent a year

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How does a decrease in disposable income influence the loanable funds market?

It creates a movement up along the supply of loanable funds curve.

It shifts the supply of loanable funds curve rightward.

It creates a movement down along the supply of loanable funds curve.

It shifts the supply of loanable funds curve leftward.

It has no effect on the supply of loanable funds.

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If Canada spends more on foreign produced goods and services than foreigners spend on Canadian produced goods and services, which of the following situations will arise?

The rest of the world may or may not finance Canada's trade deficit.

Canada must borrow an amount equal to consumption expenditure plus investment.

Canada must borrow an amount equal to imports minus exports.

Canada must borrow an amount equal to national saving.

Canada must lend an amount equal to imports minus exports.

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Item	Millions of dollars
Consumption expenditure Government expenditure on goods and services Net taxes Investment Imports Exports	80 30 35 20 10 20

Refer to Table 7.1.1, which gives the values of an economy's financial flows. What is private saving in this economy?

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Mistrovství světa ve fotbale v roce 2006, pořádané v SRN:

provázel organizační chaos a četné demonstrace ultralevice.

bylo symbolickým zlomem, po kterém se začala lepšit nálada i ekonomická situace v zemi.

bylo pro Německo mimořádně neúspěšné a zhoršilo všeobecnou atmosféru.

bylo pro kancléře Schrödera vítanou příležitostí k sebeprezentaci.

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Jak se jmenuje politická strana, které předsedá Robert Fico?

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