One reason a bank keeps vault cash is because it
a. may be required to provide cash to customers who are withdrawing their funds
b. wants to earn more interest income
c. wants to offer more loans
d. may need to make transactions with other banks
e. may need to pay more interest on its savings accounts
A
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There is a negative impact on longevity for
A. men who never marry. B. women who never marry. C. people who never marry. D. people who are divorced.
If we use GDP to measure our standard of living, then our procedure is
A) accurate because our standard of living depends solely on goods and services. B) inaccurate because our standard of living only depends on used goods and services. C) inaccurate because our standard of living does not depend only on goods and services. D) inaccurate because our standard of living has nothing to do with goods and services. E) accurate only if we use nominal GDP rather than real GDP.
An argument for tariffs that has some validity is
a. the infant-industry argument. b. the leveling-the-playing-field argument. c. the retaining-money-at-home argument. d. All of these.
If a firm finds that it can sell $13,000 worth of a product when its price is $5 per unit and $11,000 worth of it when its price is $6, then:
A. the demand for the product is elastic in the $6-$5 price range. B. the demand for the product must have increased. C. elasticity of demand is 0.74. D. the demand for the product is inelastic in the $6-$5 price range.