A bank failure occurs whenever
A) a bank cannot satisfy its obligations to pay its depositors and other creditors.
B) a bank suffers a large deposit outflow.
C) a bank has to call in a large volume of loans.
D) a bank refuses to make new loans.
A
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The arrival of Michael Jordan, Larry Bird, and Magic Johnson in the 1980s increased the popularity of pro basketball. This led to
a. an increase in the supply of professional basketball b. an increase in the demand for professional basketball c. a decrease in the supply of professional basketball d. a decrease in the demand for professional basketball e. an increase in both the demand for and the supply of professional basketball
A price index is a measure of the average level of prices in an economy
a. True b. False Indicate whether the statement is true or false