Colonialists tried to attract precious metals and coins by raising or attempting to raise the colonial price of the foreign money. This is called devaluation

On a bank's balance sheet, the value of its assets must equal: a. net worth only

b. liabilities only. c. owner's equity. d. the value of its liabilities plus net worth. e. its revenues minus costs.

Assume the graph shown represents Dana's budget constraint. If Dana's income to spend on these two items decreased, which of the following could be said?

A. Dana will derive more utility from each item, because she values each one more now that she's poorer. B. Dana will be able to buy less of both goods. C. Dana will buy more hairbands now because they are relatively less expensive. D. All of these are true.