Checkable deposits have decreased since the 1970's mainly because:
A. people prefer to use credit cards rather than writing checks.
B. these deposit accounts offer little or no interest so depositors find them to be expensive.
C. regulators allowed higher rates to be paid on these accounts and banks found them to be highly unprofitable.
D. as banks added fees to these accounts people increased their holdings of currency.
Answer: B
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Misty has the option of purchasing one of three products: Brand A, Brand B, or Brand C. Each costs ten dollars. If she decides that Brand A meets her needs best, then the opportunity cost of this decision is
A) Brand B plus Brand C. B) twenty dollars. C) Brand A. D) Brand B or Brand C, depending on which is considered the highest-value alternative forgone.
If a basket of goods costs $100 in the United States and 300 pesos in Mexico, and if the exchange rate is $1 = 5 pesos, then the dollar price of the basket of goods in Mexico is:
a. $250. b. $56. c. $60. d. $75.
Which of the following is not a basic decision that all nations must confront?
A. How should we produce goods and services? B. Should we have economic growth? C. For whom should goods and services be produced? D. What goods and services should we produce?
Refer to the above table. If the price of the product is $1.50, and the marginal factor cost of an additional unit of an input is $135, how many units of labor should be hired?
A. 12 B. 13 C. 11 D. 14