Demand deposits are:
a. accounts in which one cannot write a check directly but from which the individual can easily withdraw money.
b. the coins and bills that circulate in an economy
c. purchased from a bank or financial company, signed, and then redeemed with an additional signature when one wants to spend them.
d. deposits in banks that are available upon making a cash withdrawal or writing a check.
d
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The figure shows the demand curve for hotel rooms at a local resort
a. If the hotel charges $120 per night, how many rooms will they rent? b. If there are only 40 rooms available, how much are customers willing to pay for a room? c. If 60 rooms are available, how much are customers willing to pay? d. What do the dollars in your answer to part (c) represent?
Refer to the above figure. The profit maximizing quantity for a monopolistic competitor is
A) Q1. B) Q2. C) Q3. D) Q4.
OPEC is an example of a:
A. duopoly. B. monopoly. C. monopsony. D. cartel.
For the United States, U.S. direct foreign investment abroad is more significant than foreign investment in U.S. securities and currency
Indicate whether the statement is true or false