Which of the following statements are true?
A) A bank's assets are its sources of funds.
B) A bank's liabilities are its uses of funds.
C) A bank's balance sheet shows that total assets equal total liabilities plus equity capital.
D) A bank's balance sheet indicates whether or not the bank is profitable.
C
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What was not a problem with using commodity money in the US colonies prior to 1700?
a. Very few people were willing to accept commodities as payment. b. Commodity spoilage rates were high. c. Controlling the quality of payments made with commodities. d. High storage costs of commodities.
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What will be an ideal response?
The percentage of world GDP represented by the G7 is ________ and the percentage of world GDP represented by China and India is ________
A) falling; rising B) falling; falling C) rising; falling D) rising; rising
For the United States, what is money based on the transactions approach to measuring money?
What will be an ideal response?