Which of the following is a bank asset?
A. CDs
B. Demand deposits
C. Mortgage loans
D. Borrowings from other banks
Answer: C
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Consumers will spend a higher proportion of a one-time bonus than they would of a permanent salary increase
Indicate whether the statement is true or false
Which of the following would contribute to a United States current account surplus?
A. The United States makes a unilateral tariff reduction on imported goods. B. General Motors pays a dividend to a Swiss stockholder. C. The United States cuts back on American military personnel stationed in Germany. D. Russian vodka becomes increasingly popular in the United States.
What economic principle does the following equation demonstrate? Explain what each of the components of the equation stands for and how it demonstrates the economic principle you identified
MU1/P1 = MU2/P2 = … MUN/PN What will be an ideal response?
If the government uses expansionary monetary or fiscal policies to counter the output-effects of cost-push inflation, then the economy is likely to experience:
A. A decline in nominal wages B. An inflationary spiral C. A recession D. Disinflation