Bankers have an advantage in developing a relationship with their business borrowers because
A) banks provide a menu of services which allows them to learn about a company.
B) banks have access to higher quality credit reports.
C) banks are better at getting owners to pledge collateral than are other lenders.
D) loans to small businesses are usually less than 5 years thus allowing encouraging borrowers to return more frequently for evaluation.
A
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The IS curve is Y = 20 - 1.5r, and the aggregate demand curve is Y = 15.5 - 0.3?. When the interest rate is 7 percent, the inflation rate is ________ percent
A) 14.6 B) 9.5 C) 3.6 D) 20 E) none of the above
Imposing a unit excise tax on the final sale of a good or service can be displayed graphically as
A) a vertical shift upward of the demand curve. B) a vertical shift upward of the supply curve. C) a vertical shift downward of the demand curve. D) a vertical shift downward of the supply curve.
Which of the following need not be true of a monopoly? a. The firm must be the only producer of the product
b. The product must have no close substitutes. c. There must be high barriers to entry. d. The firm must earn an economic profit in the short run.
The Bitcoin:
a. Is an example of VCU1. b. Is an example of VCU2. c. Is an example of VCU3. d. Is an example of VCU4. e. None of the above because the Bitcoin is not a virtual currency.