With ATMs, it is possible to retrieve cash from the bank at any time. One hundred years ago, one could only get cash from the bank during business hours, say, 9 am to 3 pm. The present availability of 24-hour service has arisen because:
A. flexibility was not valued 100 years ago.
B. government forced banks to become more convenient.
C. it was impossible to provide 24-hour service 100 years ago.
D. the cost of providing 24-hour service is much lower today.
Answer: D
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A demand schedule shows
A. the “market potential” for a product. B. how much consumers are willing and able to buy at different prices. C. possible combinations of output under different conditions. D. how much producers would like to sell at different prices. E. All of these responses are correct.
Which of these transactions results in an increase in M2?
A) certificate of deposit matures, adding $520 to your checking account B) withdrawal of $100 cash from your checking account C) depositing a bank loan of $400 into your savings account D) depositing a $300 paycheck into your savings account E) none of the above
In a game of bargaining, those who ________ will likely get the highest payoff.
A. are patient B. are cooperative C. collude D. have a commitment strategy
Which of the following is not included as "net income" in the U.S. balance of payments?
a. Profits earned by U.S. companies from foreign operations and reinvested abroad. b. Profits earned by U.S. companies from foreign operations. c. Foreign dividends received by U.S. residents. d. U.S. interest paid to foreigners. e. All the above are includedas "net income" in the U.S. balance of payments.