Since 1970 there has been a huge increase in the relative importance of __________ as a source of bank funds
A) negotiable CDs
B) time deposits
C) foreign deposits
D) transactions deposits
C
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Jeff and Roel like to eat pizza twice a week, burritos once a week, and steak four days a week. This variety of dinner choices illustrates the concept of:
A. instable preferences.. B. negative marginal utility. C. diminishing marginal utility. D. income maximization.
Core inflation is a measure of:
A. inflation that excludes goods with historically volatile price changes. B. an overall rise in prices in the economy. C. the Consumer Price Index with durable goods excluded. D. the change in the Consumer Price Index with durable goods excluded.
Persons who die before age 65 or soon thereafter, receive little or nothing from their Social Security payroll tax payments. Which of the following groups is harmed the most by this attribute of the Social Security retirement system?
a. High-income workers. b. Hispanics. c. Heavy cigarette smokers. d. College graduates.
Which of the following statements regarding a firm's long-run average total cost (LRATC) curve and its short-run average total cost (SRATC) curve is true?
A) The shape of the LRATC is affected by the law of diminishing returns. B) The SRATC, but not the LRATC, can be used by a firm's managers for planning. C) The LRATC shows the lowest cost at which a firm is able to produce a given level of output when no inputs are fixed. D) The contribution of average fixed cost to LRATC is greater than its contribution to SRATC.