The demand for money for which the purpose is making unexpected purchases or meeting emergencies is considered to be part of
A) precautionary demand.
B) transactions demand.
C) asset demand.
D) savings demand.
A
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Positive economic principles are those that:
A. are influenced by political ideology. B. are always correct. C. predict how people will behave. D. indicate how people should behave.
________ of a foreign bank operates in the U.S. but cannot accept deposits from domestic residents
A) An agency office B) A universal corporation C) A McFadden corporation D) A Basel branch
Explain the effects of a tax cut if the economy is operating on the downward sloping segment of the Laffer curve
A customs duty is
a. not a tax b. a progressive tax with respect to income c. a regressive tax with respect to income d. a proportional tax with respect to income e. a proportional tax with respect to wealth