A liability to a bank is
a. something that the bank owns.
b. something that the bank owes.
c. something a customer owes the bank.
d. the value of bank buildings and hardware.
b
You might also like to view...
The demand for energy drinks is more elastic than the demand for milk. Would a tax on energy drinks or a tax on milk have a larger deadweight loss? Explain
If there were no factors keeping wages from reaching equilibrium then there would be no
a. cyclical unemployment. b. frictional unemployment. c. structural unemployment. d. natural rate of unemployment.
A study of consumers in an area found that as family income increased from $25,000 per year to $35, 000 per year, other factors held constant, the number of houses purchased increased from 7,000 per year to 11,000 per year. This finding indicates an income elasticity of demand coefficient for housing over this family income range of:
A. 0.22. B. 0.75. C. 1.33. D. 4.50.
Which of the following is true under perfect competition?
A. P > MC. B. P = MR. C. Profits are always positive. D. All of the choices are true for perfect competition.