The primary source of earnings of commercial banks is income derived from
a. the checking account services provided to customers.
b. the use of deposits to extend loans and undertake investments.
c. vault cash and deposits held with the Fed.
d. services provided to the U.S. Treasury.
B
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For any given change in taxes, the multiplier
a. will work indirectly through consumption. b. effect will occur in two steps. c. effect will be smaller than for an equivalent dollar change in government spending. d. All of the above are correct.
Which of the following is consumed jointly?
A. A seat on an airplane. B. A can of Coke. C. A missile shield. D. A doughnut.
The slope of a straight line
A. is always equal to zero. B. is the same at all points along that line. C. changes from one point to the next on that line. D. cannot be defined.
The graphs above show the production possibilities curves for the U.S. and Canada, which both produce cars and wheat. Based on the graphs above, which of the following is true?
A) The opportunity cost of a car in the U.S. is 1 unit of wheat. B) The opportunity cost of a car in the U.S. is 5 units of wheat. C) The opportunity cost of a car in Canada is 1/2 unit of wheat. D) The opportunity cost of a car in Canada is 2 units of wheat.