Funds that banks lend to borrowers come from
A. the bank's stockholders.
B. the U.S. Treasury.
C. depositors.
D. the Federal Reserve.
Answer: C
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Refer to Table 11-2. What is the marginal product of the 4th worker?
A) 230 bushels B) 57.4 bushels C) 50 bushels D) 12.4 bushels
If the bidders at a first-price auction have true values of $78, $72, $66, and $65, the item will sell for
a. Just above $78 b. just over $72 c. $78 d. $72
Full employment does not mean that there is zero unemployment because
A) of unrealistic wage expectations. B) some cyclical unemployment is always present. C) of the existence of discouraged workers. D) business fluctuations are inevitable. E) some frictional unemployment is always present.
Which of the following will not result in a leftward shift of the market demand curve for labor?
a. a decrease in labor productivity b. a decrease in demand for the firm's product c. an increase in the wage rate d. a decrease in the firm's product price