Which of the following is not an interest-earning asset of commercial banks?
a. Required reserves.
b. Securities.
c. Loans.
d. All of these are interest-earning assets of commercial banks.
a
You might also like to view...
The best definition for economic growth is
A) a sustained expansion of production possibilities measured as the increase in real GDP over a given period. B) a sustained expansion of production possibilities measured as the increase in nominal GDP over a given period. C) a sustained expansion of consumption goods over a given period. D) a sustained expansion of production goods over a given period.
Which of the following is a reason for the change in labor union membership since the 1970s?
a. Workers have moved out of manufacturing and into the service sector. b. The government has increased regulation of heavily unionized industries. c. Global competition has fallen and led to more “home-grown” manufacturing. d. Newer models include project-based learning, maker spaces, and coworking.
If total spending is greater than current output, GDP will rise.
Answer the following statement true (T) or false (F)
Exhibit 10-6 Two-Firm Payoff Matrix
Assume costs are identical for the two firms in Exhibit 10-6. If both firms were allowed to form a cartel and agree on their prices, equilibrium would be established by:
A. Widget Co. charging the low price and Ajax Co. charging the high price. B. Widget Co. charging the high price and Ajax Co. charging the low price. C. Widget Co. charging the low price and Ajax Co. charging the low price. D. Widget Co. charging the high price and Ajax Co. charging the high price.