It has been argued that banks tended not to take full advantage of issuing notes, thereby passing up potential profits because:
a. the profit amounts were small.
b. they were not the types of profits conservative bankers wanted to pursue.
c. regulations and opportunity costs involved with the issuance itself limited the profits.
d. All of the above are correct.
e. Only a and c are correct.
d. All of the above are correct.
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If a job requires two activities and there are two workers who can perform those activities, then which of the following statements regarding absolute advantage must be false?
a. One worker can have an absolute advantage in both activities. b. One worker may not have an absolute advantage in neither activity. c. Neither worker can have an absolute advantage in either activity. d. Both workers can have an absolute advantage in both activities.
In the fooling model's AD/SAS/LAS diagram, short-run equilibria to the right of the LAS curve require the price level to be
A) above what workers expect. B) above what firms expect. C) below what workers expect. D) below what firms expect.
Changes in inventories are included in which category under the expenditure approach to GDP accounting?
a. consumption b. government purchases c. investment d. net exports
An increase in the number of job quits would suggest that it is becoming
What will be an ideal response?