A commercial bank's main goal is to
A) provide loans to its customers.
B) maximize the wealth of its stockholders.
C) lend money to the Federal Reserve Banks.
D) open checking accounts.
E) help the government when it needs money.
B
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Partnership can function as an efficient organizational form when partners have similar backgrounds and skills, and each of their income is largely determined by individual effort
Indicate whether the statement is true or false
The basic principles of economics are Select one:
a. Important only to professional economists. b. Always complex. c. Necessarily abstract. d. Reflective of common sense.
Which of the following statements is correct?
A. If demand decreases and supply increases, equilibrium price will rise. B. If demand increases and supply decreases, equilibrium price will fall. C. If supply increases and demand decreases, equilibrium price will fall. D. If supply decreases and demand remains constant, equilibrium price will fall.
Over the past several decades there has been rapid growth in international trade. This growth has been due to all but one of the following factors. Which factor has not contributed to the growth of international trade?
A) the spread of reliable communications B) an increase in the tariffs charged on many goods C) a reduction in shipping costs D) favorable changes in government policies