Which of the following is an example of a bank's assets?
A) reserves borrowed from the Fed
B) loans made to customers
C) checkable deposits
D) savings deposits
Ans: B) loans made to customers
You might also like to view...
The tax cut of 2009 had little significant effect on consumer spending because it
A. was not large enough. B. was perceived as temporary. C. came too early in the year. D. was subtracted from 2008 taxes due.
The proposition that the Fed should concentrate on price stability rather than reducing unemployment is
A. generally accepted by politicians, although few economists accept this proposal. B. largely accepted by most economists, although politicians do not agree. C. highly debatable because many do not agree that price stability should be the most important goal. D. simply incorrect, and no one accepts this idea anymore.
Financial securities that represent partial ownership of a corporation are known as
A) bonds. B) stocks. C) coupons. D) dividends.
A true signal must
A) convey information only. B) convey information and direct the resource owners to act appropriately. C) convey information about the long-run future. D) explain in detail why something should be done.