The relative importance of various asset items on a commercial bank's balance sheet reflects a bank's pursuit of which two conflicting goals?
A. Profits and risk
B. Liquidity and profits
C. Assets and liabilities
D. Buying and selling government securities
B. Liquidity and profits
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The Grangers were the first farm organization of importance and are noted for
a. encouraging the federal government to re-issue "greenbacks.". b. establishing cooperatives that sold farm and consumer goods to their members. c. refusing to sell grain to foreign countries. d. forming a cartel that set upper limits on members' output of basic farm products. e. All of the above.
In the 1990s, the Russian people lost confidence in the value of the ruble, and many were no longer willing to sell goods and services in exchange for Russian currency. Which characteristic of money did the Russian currency lack?
(A) Uniformity (B) Acceptability (C) Limited supply (D) Durability
Which of the following examples shows an increase in total revenue for demand that is price elastic?
a. When the price of detergent decreases by 4 percent, the quantity demanded increases by 4 percent. b. When the price of mops increases by 10 percent, the quantity demanded decreases by 13 percent. c. When the price of pillows decreases by 2 percent, the quantity demanded increases by 6 percent. d. When the price of lamps increases by 6 percent, the quantity demanded decreases by 9 percent.
The above diagram implies that whenever a firm's demand curve is downsloping:
A. price discrimination is not possible. B. monopolists will be more efficient than competitors. C. marginal revenue is less than price. D. the demand and marginal revenue curves will coincide.