Transactions deposits include
A) credit cards.
B) certificates of deposit.
C) lines of credit.
D) checkable and debitable accounts.
D
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What is a budget deficit? What is a budget surplus? Since 1970, has the U.S. government run more budget deficits or budget surpluses?
What will be an ideal response?
Suppose the market demand curve is P = 40 - 2Q and the constant marginal cost of production is MC = 20. Which of the following is a valid expression for the collusion curve?
A) Q = 5 B) Q1 = 5 - Q2 C) Q1 = Q2 = 5 D) Q1 = 40 - Q2
Because the seller of a used car has more information than the buyer:
A. the problem of moral hazard occurs. B. the problem of information overload occurs. C. the problem of adverse selection occurs. D. the problem of bargaining imbalance occurs.
From 2006 through August 2011, the US dollar fell in value from 8 Chinese Yuan to 6.4 Chinese Yuan. During that time we would say that relative to the US dollar, the Yuan has appreciated in value
a. True b. False