If we both have checking accounts in the same commercial bank and I write a check in your favor for $200, the bank's:
A. balance sheet will be unchanged.
B. reserves and checkable deposits will both decline by $200.
C. liabilities will decline by $200, but its net worth will increase by $200.
D. assets and liabilities will both decline by $200.
A. balance sheet will be unchanged.
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________ is the first step in the planning process according to a Model (diagram) in the book
a. Implementing b. Gathering and analyzing information c. Awareness d. Evaluation
Specialization and trade benefits all participants only if: a. They specialize in those things they have both a comparative and absolute advantage in
b. They specialize in those things they have a comparative advantage in, even if they have an absolute disadvantage. c. They specialize in those things they have an absolute advantage in, even if they have a comparative disadvantage. d. Traders have the same opportunity cost of production