Which of the following is seen as a benefit to society in moving away from using checks to electronic banking?
a. processing checks is a capital-intensive process
b. electronic banking is a labor-intensive process
c. processing checks is less costly than electronic banking
d. electronic banking is a more efficient process than check clearing
d. electronic banking is a more efficient process than check clearing
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In an unregulated competitive market, the presence of marginal external cost of a good or service results in overproduction
Indicate whether the statement is true or false
It is impossible for both nations to gain when trading with one other.
Answer the following statement true (T) or false (F)
If inflation does not adjust rapidly in the short run, then when the Federal Reserve decreases the nominal interest rate, the real interest rate in the short run will:
A. not change. B. be determined by saving and investment decisions. C. decrease. D. increase.
An advantage of conventional job analysis interviews and questionnaires is _____.
A. increased employee understanding of the process B. lower cost to the organization C. reduced subjectivity D. less time to complete the process