Banks minimize the risk of loss to depositors by:
a. lending to government officials
b. making many different loans to different borrowers.
c. refusing to lend money to the U.S. government.
d. lending to the richest 1 percent of the population.
e. making very long-term loans.
b
Economics
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In the classical model, real Gross Domestic Product (GDP) per year is
A) determined by supply and demand conditions together. B) supply determined. C) demand determined. D) due to supply conditions plus the extent of government intervention in the economy.
Economics
If a rise in the price of good B increases the quantity demanded of good A
A) A and B are substitutes. B) A and B are complements. C) A is a substitute for B, but B is a complement to A. D) B is a substitute for A, but A is a complement to B.
Economics