Which of the following statements is false?
A) A bank's assets are its uses of funds.
B) A bank issues liabilities to acquire funds.
C) A bank's assets provide the bank with income.
D) Bank capital is an asset on the bank balance sheet.
D
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A key failure of large structural macroeconomic models, according to the theory of rational expectations, is that the models assumed that expected inflation is independent of
A. monetary policy. B. past inflation. C. interest rates. D. aggregate demand.
According to the text, experiments can be described in terms of all of the following EXCEPT:
A) independent variables. B) interdependent variables. C) dependent variables. D) extraneous variables. E) B and D
The beginning balance of the shareholders' equity account Retained Earnings plus net income from the income statement less dividends equals the ending balance of Retained Earnings
Indicate whether the statement is true or false
Frazier Electric keeps a paper copy of business records at the company's headquarters. The company also has two back-up copies of business records stored in electronic files
The electronic files are kept in the event the paper records are damaged or destroyed. The back-up files illustrate which of the following risk control techniques? A) loss prevention B) loss reduction C) diversification D) duplication