The immediate, direct effect of someone's cashing a check at a commercial bank is
A) a decrease in the stock of money (M1).
B) an increase in the stock of money (M1).
C) no change in the stock of money.
D) unknown until the check casher spends the currency withdrawn from the bank.
C
Economics
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The U.S. government spent $5 million during a particular year in providing food and shelter to earthquake victims in Japan. This is an example of a(n) ________
A) export to Japan B) transfer payment to Japan C) factor payment to Japan D) import from Japan
Economics
A firm's value added equals
A) its revenue minus all of its costs. B) its revenue minus its wages. C) its revenue minus its wages and profit. D) its revenue minus its cost of intermediate goods. E) none of the above
Economics