All other factors equal, as nominal interest rates decrease, checking account balances should:
A. remain constant.
B. be converted to cash.
C. increase.
D. decrease.
Answer: C
You might also like to view...
Harmonization of standards refers to
A) the elimination of tariffs and quotas by trading partners. B) common product safety, environment, labor, and fair competition standards agreed upon by trading partners. C) the acceptance or keeping of a trading partner's standards as valid and sufficient by another trading partner. D) separate standards held by different trading partners which other partners refuse to recognize. E) All of the above.
If suppliers of garbage collection services charged the full costs of providing the service, the supply curve would
a. change to a positive slope. b. change to a negative slope. c. shift to the left. d. shift to the right.
Which of the following is closest to a perfectly competitive market?
A) the soda pop market B) the market for bread C) the market for sugar D) the market for fast food
During the Civil War, the North issued currency, known as "greenbacks". Which of the following is true of "greenbacks"?
A. Greenbacks were tied to the value of gold and silver. B. Greenbacks are still legal tender in the U.S. C. Greenbacks are a historical example of commodity money. D. The South used "greenbacks" to pay for salaries and supplies.