Which of the following is a bank liability?
A. Cash in the vault
B. Loans made to customers
C. Money market deposit accounts
D. Bank computers
E. All of these responses are correct.
Answer: C
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Using the DD model, explain what happens to out put when Government demands increase. Use a figure to explain when it is taking place
What will be an ideal response?
Which of the following is an example of a public good?
A. Social Security payments. B. Flood control. C. Carpooling with your friends. D. None of the choices are correct.
Which of the following categories of GDP can possibly be negative?
A. Net exports and changes in private inventories only B. Net exports only C. Changes in private inventories only D. None of the categories
In 1984, the National Minimum Drinking Age Act was passed, raising the legal age to consume alcoholic beverages in the United States to 21. In much of Europe, the legal age to consume alcohol is 18. If the legal drinking age in the United States was
changed back to 18, how would this affect the market for alcoholic beverages? What would happen to the equilibrium price and quantity of alcoholic beverages? What will be an ideal response?