The collapse of one bank might lead easily to the failure of several others, because ________
A) depositors cannot trust each other to keep their money in the bank
B) deposit insurance renders all banks equally fragile
C) no bank can survive when its competitors cease to operate
D) government regulators will step in to punish any bank suspected of poor management
A
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Which of the following are liabilities to a bank?
A. vault cash and demand deposits B. property and capital stock C. capital stock and reserves D. demand and time deposits
The basic problem in economics is
A) unlimited needs. B) scarcity. C) demand. D) limited resources.
Specialization of labor refers to the
a. use of more skilled versus unskilled labor b. division of labor c. opportunity costs of using labor d. law of increasing costs associated with labor e. comparative advantage of labor-using economies
The opportunity cost of producing a dining room table refers to the
a. quantity of money required to produce the table b. quantity of money required to buy the table c. quantity of other goods that must be given up to produce the table d. quality of the table e. use of lumber to produce the table