When banks store your money in a checking account, they give you checks. These checks:
A. become assets of the bank.
B. are another form of money.
C. become liabilities to you.
D. make your money more liquid.
Answer: B
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The largest category of legal immigrants into the U.S. in 2011 was:
A. Family-sponsored immigrants B. Refugees C. Employment-based preferences D. Diversity immigrants
Which of the following is an example of a topic studied by microeconomists?
A) Price determination by a firm B) Interest rate determination C) Measures to combat inflation D) National income calculations
The tendency of workers to supply more labor in response to a larger reward for working is called the ________ of a higher real wage on the quantity of labor supplied
A) homogeneous labor supply effect B) negative correlation effect C) income effect D) substitution effect
Moral hazard and adverse selection are the result of ________
A) prudential supervision B) any and all government policy C) excessive price fluctuations D) asymmetries of information