A bank's largest liability is its
A) short-term borrowing.
B) long-term debt.
C) deposits of its customers.
D) shareholder equity.
Answer: C
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This Application examines the concept of
A) sticky prices. B) consumer spending habits. C) stagflation. D) the wealth effect.
A sudden rise in the market demand in a competitive industry leads to
a. A short run market equilibrium price higher than the original equilibrium b. A market equilibrium higher than the short run price c. Some firms exiting the market d. All of the above
A reverse tax, or negative income tax, is a way of creating a minimum income for all households while retaining an incentive for people to work
Indicate whether the statement is true or false
National income accountants can avoid multiple counting by:
A. including transfer payments in their calculations. B. only counting final goods. C. counting both intermediate and final goods. D. only counting intermediate goods.