A bank's remaining value after it has met all its liabilities is known as a
A) bank's assets.
B) bank's liabilities.
C) bank capital.
D) bank's income.
C
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Using the Rule of 70, if China's current growth rate of real GDP per person was 7 percent a year, how long would it take the country's real GDP per person to double?
A) 35 years B) 14 years C) 10 years D) 49 years
Tax preferences create more _____ than a broad-based income tax because they change the relative prices to the taxpayer of earning different types of income
a. welfare loss b. benefits c. taxable income d. tax avoidance
Sales agents being paid a fixed commission on the sales are more likely to
a. Tell their bosses that they need to price higher to make sales b. Tell their bosses that they need to price lower to make sales c. Not say anything to their boss d. None of the above
What is a mutual fund? What advantage does owning a share in a mutual fund have over owning a share of stock?