What are the various sources of revenue and expenditure for a commercial bank?
A bank receives revenue from two sources: interest payments to the bank from those who have received bank loans and other fees and charges imposed by the bank.
On the other hand, banks have four main categories of expenses: interest payments to depositors, loans that are not repaid, taxes, and the operating costs of employees, office space, and equipment.
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The figure above shows the demand for and supply of labor of students in Smallville. If the minimum wage is set at $8 per hour, how many hours do students work?
A) 12,000 hours B) 9,000 hours C) 6,000 hours D) None of the above answers is correct.
Scientists have said for years cod was so seriously overfished in European Union waters that there was a risk of extinction due to stock collapse
"To ensure this recovery… Ministers agreed a 10 percent cut in days at sea (for North Sea cod)," EU Fisheries Commissioner Joe Borg stated in 2008. What is the goal of this policy? A) To reduce the number of fishing days to the point where marginal cost per day equals marginal benefit B) To reduce the number of fishing days to the point where marginal social cost per day equals marginal benefit C) To reduce the number of fishing days to the point where marginal social benefit per day equals marginal benefit D) To reduce the number of fishing days to the point where marginal social cost per day equals marginal social benefit
In a coin toss bet, where both heads and tails are equally likely, you win a dollar on heads but lose a dollar on tails. The expected value of the bet is
a. $0.50 b. -$0.50 c. $1.00 d. $0.00
Periodic fluctuations in GDP are called business cycles
a. True b. False