Typically, a bank's largest asset is its
A) reserves.
B) holdings of securities.
C) deposits of its customers.
D) loans.
Answer: D
You might also like to view...
A pure private good has two characteristics: rivalry and excludability. Rivalry suggests that a private market, rather than the public sector, should produce the good, and excludability suggests a private market will provide it
a. True b. False
A production possibilities curve has a downward slope because
a. increased production of one good always reduces the additional profit of production. b. decreased production of one good is associated with lower profit from that good. c. economists have a negative view of life and human nature. d. increased production of one good always reduces production of the other. e. increased production of one good necessarily causes production of other goods to increase.
Unlike the minimum wage, the Earned Income Tax Credit does not:
A. cost the government money. B. cause low-wage workers to be laid off. C. increase total economic surplus. D. improve the economic well-being of the working poor.
Bonnie volunteers to help make floral arrangements at a flower shop. She is an example of
A) entrepreneurial ability. B) labor. C) physical capital. D) human capital.