Choose the statement that is incorrect. a. the monetary base is the sum of federal reserve notes, coins, and depository institution deposits at the fed. b. the fed's liabilities plus coins issued by the treasury make up the monetary base. c. coins, which are issued by the treasury are an asset of the fed and a component of the monetary base. d. when the fed changes the monetary base, the quantity of money and interest rate change.

In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.

Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800

Which investment has the liquidity and can be converted into cash easily?