_________ means the expression by cultural and ethnic groups of their heritage
a. Multiculturalism
b. Socialization
c. The 5 S Concept
d. Apartheid
A
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If a good is price inelastic, a decrease in price will:
A) decrease total revenue. B) increase total revenue. C) not affect income. D) none of the above.
Suppose a bank has checkable deposits of $100,000 and the required reserve ratio is 20 percent. If the bank currently has $100,000 in reserves, it could expand the money supply by as much as:
a. $100,000. b. $400,000. c. $0. d. $20,000. e. $80,000.
Consumption depends on:
A. total income. B. disposable income. C. pre-tax income. D. Consumption is unrelated to income.
Bank capital is
a. the machinery, structures, and equipment of the bank. b. the resources that owners have put into the bank. c. the reserves of the bank. d. the bank's total assets.