All of the following are examples of off-balance sheet activities that generate fee income for banks EXCEPT
A) foreign exchange trades.
B) guaranteeing debt securities.
C) back-up lines of credit.
D) selling negotiable CDs.
D
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Which of the following statements is true?
A) Marginal analysis is a key component in the process of optimization in levels. B) Only direct costs are considered when the net benefits of the alternatives are calculated. C) In both the techniques of optimization, all costs have to be converted to the same unit of measurement. D) Optimization in levels calculates the change in net benefits when a person switches from one alternative to another.
A moderate rate of inflation is considered helpful if it: a. makes wages in labor markets rigid
b. stabilizes the interest rate. c. decreases the rate of growth in investments. d. makes wages in labor markets flexible.
Specialization and trade can make everyone better off if a person can obtain goods at prices that are less than that person's opportunity cost
a. True b. False Indicate whether the statement is true or false
If a production possibilities frontier (PPF) is concave outward, it follows that
What will be an ideal response?