A checkable deposit at a commercial bank is a(n):
A. asset to the depositor and a liability to the bank.
B. liability to both the depositor and the bank.
C. liability to the depositor and an asset to the bank.
D. asset to both the depositor and the bank.
Answer: A
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If the government eliminated unemployment benefit payments what would be the effect on the level of real GDP and well being in the economy?
If the real interest rate is equal to the nominal interest rate in an economy:
A) inflation must be negative in the economy. B) inflation must be zero in the economy. C) inflation must be positive in the economy. D) the nominal interest rate must be zero.
Refer to Figure 9-5. Without the tariff in place, the United States consumes
A) 12 million pounds of coffee. B) 26 million pounds of coffee. C) 33 million pounds of coffee. D) 45 million pounds of coffee.
The two types of asymmetric information situations are those with
a. hidden costs and hidden actions b. hidden characteristics and hidden costs c. hidden actions and hidden selection d. hidden characteristics and hidden actions e. moral hazard and natural selection