Which of the following is true of the banks that operate under Islamic law?
a. Islamic banks are not allowed to lend out to private firms.
b. Islamic banks do not function as intermediaries between borrowers and lenders.
c. Islamic Banks are not allowed to offer checking accounts or traveler's checks.
d. Islamic banks are required to offer trade-related services free of cost.
e. Islamic banks do not charge interest on loans or pay interest on deposits.
e
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An indifference curve will become ________ the origin the more that the consumer considers the two goods as complements
A) more bowed-in towards B) less bowed-in towards C) less bowed-out from D) more bowed-out from
Once the profit-maximizing output where MR = MC is determined, price is set by
a. adding a standard markup percentage to marginal cost. b. the demand curve. c. making it equal to MR = MC. d. subtracting the marginal cost from total revenue.
Sales maximization by a firm most often serves the interests of the firm's
a. stockholders. b. creditors. c. managers. d. unskilled laborers.
For a major country with extensive capital flows, what is the effect of an increase in interest rates?
a. There will be an inflow of capital, a currency depreciation, and increased net exports. b. There will be an inflow of capital, a currency depreciation, and reduced net exports. c. There will be an outflow of capital, a currency depreciation, and increased net exports. d. There will be an inflow of capital, a currency appreciation, and reduced net exports.