Which of the following statements is TRUE?
A) Bank failure is limited to banks that have mismanaged their assets.
B) Bank failure is limited to banks that have invested in real estate.
C) Bank failure is limited to banks that have invested in government bonds.
D) Bank failure is limited to a few banks.
E) Bank failure is NOT limited to banks that have mismanaged their assets.
E
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The major assets on a bank's balance sheet are its
A) checking and savings account deposits. B) loans, and checking and savings account deposits. C) reserves, loans, and checking account deposits. D) reserves, loans, and holdings of securities. E) reserves, checking and savings account deposits.
The price paid to a resource in totally fixed supply is called
a. economic rent b. economic profit c. wages d. interest e. opportunity cost
The slope of the consumption function is equal to the marginal propensity to save.
Answer the following statement true (T) or false (F)
According to the textbook, which of the following must a firm in a market economy do today to succeed?
A) produce new or better goods or services B) efficiently organize production C) produce existing goods and services at a lower cost D) Market firms today must do all of these things.