Demand deposits are
a. deposits held by individuals at one of the twelve Federal Reserve District Banks.
b. interest-earning savings deposits held by individuals at a banking institution.
c. deposits of commercial banks at one of the twelve Federal Reserve District Banks.
d. deposits of individuals that can either be withdrawn or made payable on demand to a third party by a check.
D
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A Nash equilibrium occurs when ________
A) each player has a dominant strategy B) none of the players has a dominant strategy C) each player can increase his payoff by choosing a different strategy D) none of the players can increase their payoffs by choosing a different strategy
Variance is a measure of ________ and the lower the variance, ________
A) expected profit; the lower the profit B) risk; the lower the risk C) standard deviation; lower the standard deviation D) risk; the greater the risk
Which of the following line items is always a credit in the U.S. balance of payments?
a. U.S.-owned assets abroad b. imports of goods c. net balance d. exports of goods
Figure 15.2 depicts a one-mile stretch of beach with 100 swimmers distributed evenly along the beach. There are two ice cream vendors - 1 and 2 - on the beach selling an identical product. If swimmers prefer to buy ice cream from a nearer vendor, what is the median location?
A. A B. B C. C D. D