An insolvent institution has:
A. liabilities that exceed its assets.
B. assets that exceed its liabilities.
C. assets that exceed its equity.
D. equity that exceeds its liabilities.
Answer: A. liabilities that exceed its assets.
You might also like to view...
A price ceiling that sets the price of a good below market equilibrium will cause:
a. An increase in quantity demanded of the good. b. A decrease in quantity supplied of the good. c. A shortage of the good. d. All of these.
Which of the following is true under monopoly?
A. P > minimum of ATC. B. Profits are always positive. C. P = MR. D. None of the answers is correct.
Savings are generated whenever:
A. prices are rising. B. current spending exceeds current income. C. current income exceeds current spending. D. real GDP exceeds nominal GDP.
In the short run a firm will operate if ______ is greater than __________.
Fill in the blank(s) with the appropriate word(s).