Banks primarily make a profit by ______.
a. charging their borrowers more interest than they give their depositors
b. paying a portion of customer deposits for claims, and keeping the rest
c. earning a commission from each sale of stock they make
d. charging fees each time they facilitate an exchange
a. charging their borrowers more interest than they give their depositors
You might also like to view...
________ would gain from expanded immigration
A) Domestic labor B) Domestic capital C) Both domestic labor and capital D) Neither domestic labor nor capital
The quantity theory of money argues that, in the long run (real GDP equals potential GDP), the percentage change in money will create an equal percentage change in
What will be an ideal response?
In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the
equilibrium quantity (Q) of X. Refer to the given information. An increase in the prices of resources used to produce X will: A. increase S, increase P, and increase Q. B. increase D, increase P, and increase Q. C. decrease S, decrease P, and decrease Q. D. decrease S, increase P, and decrease Q.
Which of the following is NOT a cause for an oligopoly to exist?
A) economies of scale B) structural dependence C) barriers to entry D) horizontal mergers