Business Principles

1-The U.S. production of the Sacagawea dollar coins provides greater durability than paper dollar bills?

True or False

2-Citizens of a small island nation readily accept a specific type of seashell as payment for the goods and services they trade. For citizens of this island

nation, seashells serve as money?

True or False

3- When Noreen exchanges her famous brownies for the dog sitting services of her neighbor, she engages in a barter transaction?

True or False

4-If the owners of Off-Road Bicycles are trying to sell state-of-the-art bicycles into the Japanese market, they are likely to sell more bicycles if the dollar has

strength against the Japanese yen.?

True or False

5- Union Bank holds $300 million in deposits from its customers. If the Fed sets the reserve requirement at 12 percent, Union Bank must hold $24 million in

cash at the bank or in non-interest-bearing deposits at the local Federal Reserve district bank.?

True or False

6- Union Bank holds $650 million in deposits with the Fed. The Fed has just reduced the reserve requirement from 14 percent to 12 percent. Union Bank will

now have less money to lend to customers.?

true or false