A bank's revenue comes from all of the following EXCEPT
A) interest earned on vault cash.
B) fees for services provided.
C) interest on loans.
D) interest on securities.
A
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Draw a graph to illustrate the effect of higher gasoline prices on the demand for large SUVs. What is the relationship between gasoline and SUVs?
What will be an ideal response?
Money has replaced the need to barter, which is:
A. a certain amount of purchasing power that it retains over time. B. something you can use to purchase goods and services. C. something you can directly offer, like any good or service, in exchange for some good or service you want. D. a standard unit of comparison.
The ability of an economy to produce greater levels of output is called:
a. negative economics. b. economic growth. c. positive economics. d. the law of specialization.
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.