A commercial bank puts the funds it receives from various sources into
A) securities, cash assets and loans.
B) loans, notes and coins in the bank's vault and deposits.
C) reserves, deposits and loans.
D) securities, cash assets and deposits.
A
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The nominal value of GDP is:
a. expressed in monetary values adjusted for inflation b. expressed in monetary values that are not adjusted for inflation. c. expressed in numeric values that does not correlate to a monetary term. d. expressed as a ratio between the value of consumption expenditure and the value of investment expenditure.
In the above figure, at a price of $6, a perfectly competitive firm produces ________ and it ________
A) some output; incurs an economic loss B) 0; incurs an economic loss C) 0; does not incur an economic loss or make an economic profit D) 0; makes an economic profit
Unexpected events that increase aggregate supply, sometimes only temporarily, are _____ shocks.
Fill in the blank(s) with the appropriate word(s).
Fill in the blank for the following: GDP is the value of all ________ produced in a given period
A) final and intermediate goods and services produced by the private sector only B) final goods and services C) final and intermediate goods and services, plus raw materials D) all of the above E) none of the above