Which of the following is an asset to a bank?
a. Checkable deposits
b. Transaction deposits
c. Credit cards
d. Loans
e. Borrowings from the Fed
d
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Which of the following is not an advantage of starting a new business as a partnership?
A) The owners have complete control over the business. B) A partnership can easily attain additional funding. C) A partnership has few government rules and regulations to comply with. D) Business profits are only taxed once, not twice.
Michigan recently did away with property taxes. Alternative funding for schools could come from
a. a lottery system. b. an increase in sales tax and income tax. c. an increase in corporate taxes. d. All of the above are correct.
A movement along in the consumption function is caused by a change in:
A. real disposable income. B. can be caused by a change in the price level. C. the marginal propensity to consume (MPC). D. consumer wealth.
The asset demand for money is related to which function of money?
A. store of value B. unit of accounting C. standard of deferred payment D. medium of exchange