The primary liabilities of a commercial bank are
A) bonds.
B) mortgages.
C) deposits.
D) commercial paper.
C
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The combinations of goods X and Y that are affordable to the consumer are defined by the:
A. budget set. B. income line. C. consumption set. D. budget constraint.
A common resource is:
A. rival in consumption and excludable. B. not rival in consumption, but excludable. C. rival in consumption, but not excludable. D. not rival in consumption and not excludable.
Which of the following would do the most to reduce a trade deficit?
a. increase domestic saving b. increase domestic political stability and respect of property rights c. other countries reduce their trade restrictions d. raise tariffs
If the price elasticity of DVD recorders is -0.3 and price increases 20%, what happens to the quantity of DVD recorders demanded?
A. quantity increases by 15% B. quantity decreases by 6% C. quantity decreases by 26% D. quantity increases by 21%