One of the debatable assumptions on which the ATM model for the demand for cash is based on is that
A. money supply is constant.
B. individuals spend the same amount of money every day.
C. the ongoing rate of inflation is always greater than 10%.
D. cash held in banks do not attract interest.
Answer: B
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If there is no written agreement as to the way income will be divided among partners
a. they will share income and losses equally b. they will share income and losses according to their capital balances c. they will share income and losses according to the time devoted to the business. d. there really is no partnership agreement
Technology has reduced the cost of purchasing direct materials through the use of electronic data monitoring (EDM)systems
Indicate whether the statement is true or false
Which large U.S. nonprofit has "gone international" – establishing major international operations?
a. The Salvation Army b. Habitat for Humanity c. Komen Race for the Cure d. The Arthritis Foundation e. Easter Seals
People communicate to satisfy needs in both their work lives and private lives
Indicate whether the statement is true or false