Utility theory is an efficient tool in making interpersonal utility comparisons

Applying a uniform markup to set the price of the various products sold by a firm is more profitable than varying the markup based on differences in the price elasticity of demand for the firm's products

Indicate whether the statement is true or false

Which of the following represented the largest liability on the balance sheet of U.S. commercial banks in 2012?

A) checkable deposits B) loans C) nontransaction deposits D) borrowings