One of the unique problems that banks face is:
A. they hold liquid assets to meet liquid liabilities.
B. they hold illiquid assets to meet liquid liabilities.
C. they hold liquid assets to meet illiquid liabilities.
D. both their assets and their liabilities are illiquid.
Answer: B
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Refer to Table 20-18. Looking at the table above, what is the rate of growth of real average hourly earnings from 2015 to 2016?
A) 7.8% B) 6.25% C) 4% D) -4%
The idea that business cycles are nothing more than variations in the rate of growth of a full-employment economy is proposed by
a. Keynesian theorists b. Kuznets cycle theorists c. innovation cycle theorists d. real business cycle theorists e. internal cycle theorists
The 20 percent of families with the lowest income in the United States receive approximately ________ percent of total income.
A. 1 B. 15 C. 3 D. 20
One World View article is titled "Competition Shrinks India's Phone Bills." Competitive forces typically force companies to
A. Improve product quality and reduce service. B. Cut prices, improve product quality, and improve service. C. Improve service and raise prices. D. Cut prices and reduce product quality.