One reason customers do not care about the quality of their bank's assets is:
A. most people cannot distinguish an asset from a liability.
B. with deposit insurance, there isn't any real reason to care; their deposits are protected even if the bank fails.
C. the quality of a bank's assets changes almost daily.
D. they assume the bank only has high quality assets.
Answer: B
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A fear in investing in China
A) is based in fears of its declining population. B) relates to the value of property rights. C) can be overcome by not have Chinese operations. D) none of these choices.
The largest markets for both U.S. exports and imports in 2011 were
a. China/Japan. b. Western Europe. c. the Pacific Rim countries. d. Canada/Mexico.
A craft union can raise union members' wages by restricting labor supply through high initiation fees, long apprenticeship periods, or difficult qualifying requirements
Indicate whether the statement is true or false
Which of the following is a normative statement?
A. A decrease in price leads to an increase in quantity consumed. B. Incomes grow more rapidly in high-tax states than low-tax states. C. People would be better off if government expenditures were higher. D. People will buy less butter at $1.50 per pound than they will at $1 per pound.