An "acknowledgment by a bank" that it has received money from a customer with a promise by the bank that it will repay the money received at a date specified or, in some instances, on demand is a:

a. draft certificate
b. certificate of payment c. balloon certificate
d. real estate certificate
e. none of the other choices are correct


e

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During the 1950's, General Motors (GM) was responsible for about 60 percent of all passenger cars produced in the United States. Some criticized GM for

a. encouraging too much market competition. b. failing to use economies of scale in individual plants. c. acquiring monopoly power over the auto market. d. failing to sufficiently dominate the auto market.

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Everything else equal, if the United States runs a large foreign trade deficit, the financing of the deficit will:

A. decrease sales of Treasury securities. B. increase interest rates. C. increase government subsidies. D. increase the money supply. E. decrease tax revenue.

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All recognized gains and losses must eventually be classified either as capital or ordinary.

Answer the following statement true (T) or false (F)

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Which of the following is not true about PHP dynamic extension files (dll files)?

A) They can be shared by many applications. B) They allow php to make application calls directly to the DBMS rather than using ODBC. C) There is no relationship between the php.ini file and the dll files. D) They enable support for PHP Data Objects (PDO).

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