Privately-owned firms that accept deposits from individuals and businesses and use those deposits to make loans are called:
A. mortgage banks.
B. investment banks.
C. brokerage firms.
D. commercial banks.
Answer: D
You might also like to view...
Which of the following occurs when an economic activity has a spillover benefit on third parties not engaged in the activity?
A) An economic profit B) A positive externality C) A gain in producer surplus D) A gain in consumer surplus
Advocates of the public-choice view argue that elected officials
a. will always respond to inflation with expansionary policies but will respond to unemployment with restrictive policies. b. will actively respond to inflation with restrictive policies but are reluctant to respond to unemployment with expansionary policies. c. will always respond to both inflation and unemployment with expansionary policies. d. None of the above
If a tax is imposed on the sellers of a product, then the tax burden will fall entirely on the sellers
a. True b. False Indicate whether the statement is true or false
Money
a. is a perfect store of value. b. is the most liquid asset. c. has intrinsic value, regardless of which form it takes. d. All of the above are correct.