The use of a debit card is most similar to

Which of the following are true about bank regulation?  Mark all that apply.

True or False.  Bank regulation involves maintaining the solvency of banks by avoiding excessive risk.

The use of a debit card is most similar to

When comparing GDPs across countries one must divide by geographic size after converting to a common currency.

Money supply M1 does not include the currency held by

True or False.  A perfectly competitive firm gain sales by decreasing price.

If the population of a country is 220 million people, its labor force consists of 120 million, and 15 million people are unemployed, the unemployment rate is: (Enter you value as a numeric percentage with no percentage sign e.g. 15.1)

Which of the following items are included in money supply M2 but not M1?

True or False.  The imposition of a price floor or a price ceiling will prevent a market from adjusting to its equilibrium price and quantity, and thus will create an efficient outcome.