Banks differ from other types of businesses because banks:
a. earn profits
b. combine economic resources to produce services.
c. can go out of business.
d. can create money.
e. are regulated by the government.
d
Economics
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If a banking system receives an initial deposit of $150,000 and the reserve requirement is 40 percent, the total deposit in the banking system (including the initial deposit) can be expanded by _____
a. $375,000 b. $150,000 c. $60,000 d. $250,000 e. $450,000
Economics
The corporate income tax is
a. an indirect tax. b. a regressive tax. c. the second largest source of revenue for the federal government. d. a direct tax.
Economics