The assets of a bank are its __________ of funds
A) uses
B) sources
C) reserves
D) excess
A
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The regulatory lag:
A) always benefits the regulated firm. B) is likely to occur with rate-of-return regulation. C) promotes economic efficiency. D) all of the above
GDP uses the market value of goods and services because it:
A. provides a common valuation that allows us to compare one economy to another. B. provides the opportunity to compare lists of outputs to see who produced more. C. is the only data that can be gathered about goods and services. D. markets are the only way to value goods and services.
In an open economy, an increase in (G ? T) will
a. decrease (X ? IM). b. increase (X ? IM). c. leave (X ? IM) unchanged. d. have an unpredictable effect on (X ? IM).
If consumer purchases of a good are highly sensitive to the price of the good, economists say the demand for the good is relatively
a. inelastic. b. elastic. c. robust. d. inverse.