What is the largest source of income for banks?
What will be an ideal response?
Answer: the interest they receive from loans
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The most important U.S. anti trust law:
a. Hampton Act b. Rule of Reason c. Sherman Act d. Wagner Act e. All of the above
Assume that the Fed performs a foreign exchange intervention in which it does nothing except buy German government bonds. One result of this will be that:
A. both the dollar and the euro depreciate. B. the dollar appreciates and the euro depreciates. C. the euro depreciates. D. the dollar depreciates.
Suppose that when the price of hot dogs is $2 per package, there is a demand for 10,000 bags of hot dog buns. When the price of hot dogs is $3 per package, the demand for hot dog buns falls to 8,000 bags. What is the cross-price elasticity of demand for hot dogs and hot dog buns?
A. -0.4 B. -0.25 C. 4 D. 0.25
What is Wendy’s opportunity cost to produce 3 yards of cloth?
a. 6 pounds of food
b. 4 pounds of food
c. 2 pounds of food
d. 1 pound of food