The net worth of a bank is equal to:
a. the value of the financial assets the bank can buy
b. its total assets minus its total liabilities.
c. the value of the assets that all borrowers hold.
d. the value of the money the bank keeps on hand and does not loan.
b
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The main reason why income per capita and income per worker varies across countries is because ________
A) prices vary across countries B) currencies vary across countries C) productivity varies across countries D) interest rates vary across countries
What is the most common measure of a firm's capital stock, and why is it not the most important to focus on?
What will be an ideal response?
The first number in any ordered pair is
a. the x-coordinate. b. the y-coordinate. c. the vertical location of the point. d. the slope.
Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.
Figure 24.1Refer to Figure 24.1. Injections = leakages
A. when consumption = saving. B. at equilibrium. C. when output = investment. D. when income = zero.