When you use a debit card to purchase a pair of jeans, you are
A. creating a 30-day loan from the seller to your bank.
B. giving your bank an instruction to transfer funds directly from your bank account to the store's bank account.
C. creating an overnight repurchase agreement between your bank and the store.
D. creating a 30-day loan from your bank to the seller.
Answer: B
You might also like to view...
If the MPC is 0.6, and the government spends an additional $50b, the overall effect on GDP will be:
A. an increase of $250b. B. a decrease of $25b. C. a decrease of $75b. D. an increase of $125b.
Exhibit 5-4 Gross domestic product data National income accountBillions ofdollars Depreciation$ 800 Net interest1,500 Compensation of employees4,000 Profits1,000 Rental income 100 Indirect business taxes 600 Consumer purchases1,000 As shown in Exhibit 5-4, national income (NI) is:
A. $6,000 billion. B. $6,600 billion. C. $7,200 billion. D. $8,000 billion.
Who among the following is exercising their right to pollute?
A) The group of campers burning a fire in a designated fire pit at a state forest campsite B) The Sunday morning churchgoer whose auto emits carcinogens from its exhaust pipe C) The publicly-owned and federally-regulated coal-fired electric utility D) All of the above. E) None of the above.
Refer the above figure. Stage "1" of the economy is called
A) the top. B) the peak. C) the trend. D) the climax.