Which of the following will be classified as a liability on the balance sheet of a commercial bank?
a. vault cash
b. loans extended to customers
c. checking deposits of customers
d. deposits held at a Federal Reserve bank
C
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According to this Application, if a bank does NOT pass the test, the Fed can
A) make the bank raise additional capital from the financial markets. B) prevent the bank from paying out dividends to its shareholders. C) force the bank to close. D) Both A and B are correct.
An independent variable:
A) cannot be measured. B) cannot be represented on a bar chart. C) is manipulated by the experimenter in an experiment. D) in an experiment is determined by the other variables.
Suppose a market with a Cournot structure has five firms and a market price elasticity of demand equal to -2. What is a Cournot firm's Lerner Index?
A) .1 B) .2 C) .5 D) 1
Joe's demand for spring water can be represented as p = 10 - Q (where p is measured in $/gallon and Q is measured in gallons). He recently discovered a spring where water can be obtained free of charge. His consumer surplus from this water is
A) $0. B) $50. C) $100. D) unknown based upon the information provided.