All of the following are characteristics of debit cards EXCEPT:
A) payments are deferred until a later date
B) they can be used like checks
C) they eliminate the problem of trust since the bank's computer authorizes the transaction
D) when used at a store, his bank instantly credits the store's account with the amount and
deducts it from his account.
A
You might also like to view...
Figure 19-2
?
Of the graphs in Figure 19-2, which one shows the effects on the exchange rate of an expansion in Japan?
A. 1 B. 2 C. 3 D. 4
According to the Keynesian approach, a decrease in taxes
A) will decrease consumption, as the government will have to spend less. B) will not impact consumption, as most consumption is autonomous. C) will increase consumption exactly by the amount of the taxes. D) will increase consumption by an amount of less than the change in taxes.
Fractional reserve banking began
A) in ancient Greece. B) in the early nineteenth century. C) in the early twentieth century. D) in the Middle Ages.
Once international trade occurs, a country with a comparative advantage in the production of a good will ________ production of the good and ________
A) decrease; import the good B) increase; export the good C) not change; import the good D) increase; import the good E) decrease; export the good