The primary way that banks earn money is:
A. through the accumulation of deposits.
B. through lending funds and collecting interest on those loans.
C. by lending money to the government.
D. by the government paying them to regulate the financial system.
Answer: B
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Consider two countries—A and B. Country A is characterized by a command economy, absence of property rights, high entry barriers for new businesses, and forced child labor
Country B, on the other hand, is characterized by well-defined private property rights, a developed market system, and no entry barriers for new businesses. Which of the two countries is likely to oppose creative destruction more? Why?
The Fed can make loans to the general public at the discount rate
a. True b. False Indicate whether the statement is true or false
What does an empty core signify about the resources of the negotiators?
Which statement is true?
A. Virtually all of the poor receive public assistance, but not food stamps. B. Virtually all of the poor receive food stamps, but not public assistance. C. Virtually all of the poor receive public assistance and food stamps. D. None of these statements are true.