Which of the following would be considered a transaction deposit?
A. checking account
B. credit card account
C. 401(k) retirement account
D. mutual funds account
Answer: A
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Recall the Application. Unlike the Euro-zone, the United States does not just have a single currency, but also has a ________ that provides transfers to areas in economic distress
A) single central bank B) unified fiscal system C) national trade agreement D) federally funded emergency account
Bottles of Coca-Cola and equally-sized bottles of Pepsi Cola are perfect substitutes for a consumer, but a bottle of Coke costs 10 cents less than bottles of Pepsi. The income effect of a 15 cent increase in the price of Pepsi will be for the consumer to drink less cola.
Answer the following statement true (T) or false (F)
Using supply and demand curve analysis, the triangular area above the equilibrium price and under the demand curve is:
A. consumer surplus. B. producer surplus. C. marginal cost. D. deadweight loss.
The health insurance industry appears to be changing as
A. its revenues are forecast to increase. B. more and more of its customers are likely to be individuals. C. it is increasingly using data to measure cost and quality. D. All of the above