How do banks make profits?
They charge borrowers a higher interest rate than they pay depositors.
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At any level of output
A. average total cost will exceed average variable cost by the amount of the average fixed cost. B. marginal cost will exceed average variable cost by the amount of the average fixed cost. C. average variable cost will exceed average total cost in the short run. D. average variable cost will exceed average fixed cost by the amount of the average total cost.
Relative to productivity growth in the United States, which of the following countries experienced the largest decline in productivity growth from 1990 to 2014?
A) Canada B) the United Kingdom C) Japan D) Germany
The law of diminishing marginal returns is the same as increasing returns to scale.
Answer the following statement true (T) or false (F)
A reliable indicator of a healthy economy is an appreciating currency
a. True b. False