The measurement of income distribution that splits income earned among the various factors of production (inputs) is called the
A. family distribution of income.
B. personal distribution of income.
C. functional distribution of income.
Answer: C. functional distribution of income.
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Suppose you transfer $1,000 from your checking account to your savings account. How does this action affect the M1 and M2 money supplies?
a. M1 and M2 are both unchanged. b. M1 falls by $1,000 . and M2 rises by $1,000. c. M1 is unchanged, and M2 rises by $1,000. d. M1 falls by $1,000 . and M2 is unchanged.
Transfer payments:
A. are payments from government accounts to individuals for programs that do not involve a purchase of goods or services. B. involve programs such as Social Security and welfare. C. do not show up in GDP. D. All of these are true.
Which of the following is true of the banks that operate under Islamic law?
a. Islamic banks are not allowed to lend out to private firms. b. Islamic banks do not function as intermediaries between borrowers and lenders. c. Islamic Banks are not allowed to offer checking accounts or traveler's checks. d. Islamic banks are required to offer trade-related services free of cost. e. Islamic banks do not charge interest on loans or pay interest on deposits.
What is the effect when a customer deposits $100 into a checking account?
What will be an ideal response?