Explain how it is possible for a recently retired postal worker to be more wealthy than a rookie professional football player even though it is widely recognized that football players earn more than postal workers
What will be an ideal response?
The reason is that the postal worker in all likelihood has been spending years or decades building up wealth from his income. A rookie professional football player however, may earn a higher wage but has not had the opportunity to build up much if any wealth at all since his career has just begun.
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Refer to the table below. Pat's opportunity cost of making a pizza is delivering: Pizzas MadePer HourPizzasDeliveredPer HourCorey126Pat1015
A. 2 pizzas B. 2/3 of a pizza C. 3 pizzas D. 3/2 of a pizza
The largest liability on the balance sheet of most banks is its
A) holdings of securities. B) loans. C) checking account and savings account deposits of its customers. D) deposits with the Federal Reserve. E) vault cash.
The M2 money supply is equal to the M1 money supply plus
A) small time deposits, savings deposits, and retail money market mutual fund shares. B) all credit card balances and retail money market mutual fund shares. C) large time deposits and retail money market mutual fund shares. D) every account held by commercial banks.
The Doing Business As name identifies a company for:
a. Bank accounts b. Sales c. Patents d. None of these