Demand deposits are:
a. assets of banks, liabilities of depositors.
b. liabilities of banks, assets of depositors.
c. assets of banks and their depositors
d. liabilities of banks and their depositors.
b
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Refer to Figure 15-17. You are a member of a student government and are asked to recommend a price for the course and you argue: "I think the college should charge a price so that it just breaks even on the course" How much profit (or loss) will the college make on the course if it charges this price?
A) -$2,592,000 B) -$1,080,000 C) $0 D) $450,000
The distinguishing of products by brand name, color, and other attributes
A) is known as interdependence. B) is known as product differentiation. C) leads to many firms in the market. D) leads to collusion.
If a 10 percent price increase causes the quantity demanded for a good to decrease by 20 percent, demand is elastic
a. True b. False Indicate whether the statement is true or false
Who is most likely to benefit when the dollar depreciates against the euro?
A. U.S. exporters B. Foreign sellers to U.S. buyers C. U.S. buyers of foreign goods D. Foreign savers