Most of a bank's operating income results from
A) interest on assets.
B) service charges on deposit accounts.
C) off-balance-sheet activities.
D) fees from standby lines of credit.
A
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What is the name of the group which decides when recessions begin and end?
A) the Business Cycle Dating Committee B) the Bureau of Labor Statistics C) the Commerce Department D) the Federal Reserve Open Market Committee
In Modigliani's life-cycle hypothesis, nearing or in retirement, a person's MPC tends to fall
Indicate whether the statement is true or false
Suppose that a professional photographer takes a prize-winning digital photo. She can sell a 5"x7" color print of the photo for $10 . She can also sell the digital file for $20 . There are 500 people willing to buy the color print and 2,000 people willing to buy the digital file. Assume the costs to the photographer are zero and that the people who purchase the digital file cannot resell the file
itself or any prints made from it. What should she do in order to maximize her profits? a. earn $5,000 by selling only the color prints b. earn $40,000 by selling only the digital files c. earn $45,000 by selling both the color prints and the digital files at their respective prices d. We do not have enough information with which to answer this question.
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher