If the Government Imposes an Administered Price in the Market

question 47

Multiple Choice

If the government imposes an administered price in the market for gold that results in excess supply,

• A) no gold will be exchanged.
• B) there are unsuccessful buyers.
• C) the market is in equilibrium.
• D) the gold market has not reached the point of saturation.
• E) the market is in disequilibrium.

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Definitions:

Time Limit

Time Limit refers to a fixed or set duration within which an action, process, or procedure is to be completed or accomplished.

Counter Check

A special bank check that allows a depositor to draw funds from his own account only, as when he has forgotten his checkbook.

Imprinted Checks

Checks that have been pre-printed with specific information, such as the payer's name and account details, to enhance security and reduce fraud.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.