Banks are important to the study of money and the economy because they
A) provide a channel for linking those who want to save with those who want to invest.
B) have been a source of financial innovation that is expanding the alternatives available to those wanting to invest their money.
C) are the only financial institution to play a role in determining the quantity of money in the economy.
D) do all of the above.
E) do only A and B of the above.
E
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One of the primary activities of Perez, Inc. is to purchase hats from Toppers, Inc. in Texas and sell them to its customers in New York for a profit. It is likely that Toppers is a ________.
A) manufacturing company B) hybrid company C) service company D) merchandising company
The type of impulse shopping which is least planned by consumers is unplanned substitution
Indicate whether the statement is true or false
Match each term with the correct statement below.
a. accounting b. accounting equation c. private accountant d. public accountant e. assets f. liabilities g. owners’ equity h. double-entry bookkeeping 1. An accountant who is employed by IBM 2. The process of collecting, analyzing, and reporting economic information for decision-making purposes 3. Accounts payable and notes payable are examples 4. It shows the relationship between assets, liabilities, and owners’ equity 5. An individual who typically works for a firm that provides accounting services, such as audits, to another firm 6. Cash and machinery are examples
With regard to ethical decision making, an individual should ask themselves all of the following EXCEPT:
A. Would individuals or groups, particularly customers, be upset if they know about my decision? B. Is my decision fair to all concerned? C. Would I prefer to avoid the consequences of my decision? D. How likely is it that I will be caught? E. Will I have to pull rank or use coercion to implement my decision?