Which of the following are all assets to a commercial bank?
A. Demand deposits, stock shares, and reserves.
B. Vault cash, property, and reserves.
C. Vault cash, property, and stock shares.
D. Vault cash, stock shares, and demand deposits.
B. Vault cash, property, and reserves.
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If a car salesman is paid a fixed commission when he sells a car, the owner is most likely to see
a. Large margins on sales b. Low margins on sales c. No sales d. None of the above
Why do economists abstract, and is it appropriate?
Who is most likely to benefit when the dollar appreciates against the euro?
A. U.S. buyers of foreign goods B. U.S. buyers of U.S. goods C. Foreign buyers of U.S. goods D. Foreign buyers of foreign goods
Which of the following is correct?
A. The nominal wage may fall, but the real wage can never decline. B. The real wage may fall, but the nominal wage can never decline. C. Both the nominal and the real wage must always rise. D. The nominal and the real wage may both fall.