One of the important sources of income for a commercial bank is:
a. the interest paid to its depositors
b. the loan that is not repaid.
c. the charge imposed on the use of a debit card.
d. the tax paid to the government.
c
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When prices rise:
A) money supply tends to rise. B) menu costs tend to fall. C) consumers' purchasing power falls. D) money demand tends to fall.
Which of the following is NOT a part of the monetary base?
A) Chemical Bank's deposits of reserves at the Fed B) First Bank's required reserves held at the Federal Reserve C) currency D) U.S. government securities owned by the Fed
Economic profit is measured by
a. MR = MC b. TR – explicit costs – implicit costs c. TR – explicit costs d. TR – implicit costs e. P – MC
The World Bank defines extreme poverty as income of less than $1.90 per day per person.
Answer the following statement true (T) or false (F)