In what way did the Dodd-Frank Act reduce bank revenue?
A) It increased the amount banks had to pay on interest to depositors.
B) It reduced fees banks could charge when customers took out loans.
C) It reduced the amount of interest banks could charge on mortgages.
D) It capped the fees that banks could charge stores for debit card transactions.
D
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If an economy has aggregate output of $20 trillion, then aggregate income is
A) $10 trillion. B) $20 trillion. C) $30 trillion. D) $40 trillion.
A surplus or shortage in the money market is eliminated by adjustments in the price level according to
a. both liquidity preference theory and classical theory. b. neither liquidity preference theory nor classical theory. c. liquidity preference theory, but not classical theory. d. classical theory, but not liquidity preference theory.
If U.S. real interest rates fall, international repercussions put _________________ pressure on the price level and __________________ pressure on Real GDP in the United States
A) upward; upward B) upward; downward C) downward; upward D) downward; downward
A company classified as a small and medium-sized enterprise (SME) has fewer than 500 employees.
a. true b. false