Regulation Q was responsible for the drop in importance of __________ as a source of bank funds
A) time deposits
B) transactions deposits
C) savings deposits
D) equity
B
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At the federal level, the single most important tax, accounting for slightly less than half of revenue, is the:
a. corporate income tax. b. personal income tax. c. estate tax. d. property tax. e. sales tax.
In this graph, at point e ______.
a. economic profits are growing
b. short-run and long-run average total costs are equal
c. the economic situation is unstable
d. short-run and long-run average total costs are far apart
If a 1 percent decrease in the price of a pound of oranges results in a smaller percentage decrease in the quantity supplied
A) demand is elastic. B) demand is inelastic. C) supply is elastic. D) supply is inelastic.
When the marginal productivity of labor decreases, the demand curve for labor in a perfectly competitive market
A. does not change. B. becomes steeper. C. shifts to the left. D. shifts to the right.