The ratio of the liabilities of a financial institution to equity capital is called
A) leverage.
B) assets.
C) liabilities.
D) equity.
A
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Microeconomic topics include the overall unemployment rate in the United States and the rate of inflation
a. True b. False
Accountants use only ________ costs in their computations of short-run total cost.
a. opportunity b. implicit c. explicit d. variable
An increase in the present value of the profit that can be obtained by delaying resource extraction will lead profit-maximizing firms to:
A. reduce extraction in the present. B. increase the current rate of extraction. C. invest in less extraction equipment. D. hire more workers to support current production.
For a monopolist, price
A. is greater than marginal revenue. B. equals marginal revenue at all output levels. C. is less than marginal revenue. D. can be greater than or less than marginal revenue.