A checkable and debitable banking account is
A) a liability to a commercial bank.
B) an asset to a commercial bank.
C) a liability to the household or firm that has the account.
D) an asset for the Federal Reserve System.
A
Economics
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Which of the following would lead to a decrease in the supply of crude oil?
A) Favorable tax breaks for oil companies B) An increase in the demand for crude oil C) An increase in the price of gasoline D) Both A and C. E) None of the above.
Economics
An increase in the price of butter in a country between the years 2010 and 2015 indicates: a. a decrease in demand
b. the presence of a surplus. c. a decrease in household earnings. d. the presence of inflation.
Economics