When a check is cleared against a bank, the bank will lose:
A. loans and demand deposits.
B. cash and securities.
C. checkable deposits and reserves.
D. reserves and capital stock.
Answer: C
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Output in the long run is determined by which of the two following factors when an economy operates at full employment?
A) capital and supply B) capital and labor C) the "real" GDP and purchases D) imports and exports
A tax on a good that is imposed by the importing country is called a
A) tariff. B) nontariff barrier. C) quantitative restriction. D) licensing regulation. E) trade constraint.
Rick withdraws $500 from his savings account, keeps $100 as currency, and deposits $400 in his checking account
A. M1 increases by $400 and M2 decreases by $500. B. M1 does not change, but M2 decreases by $500. C. M1 does not change, but M2 decreases by $400. D. M1 increases by $500 and M2 does not change.
Average cost is higher with a monopolistically competitive firm than with a perfectly competitive firm
a. True b. False Indicate whether the statement is true or false