Jenny took out a loan of $27,000 from All Union Bank. She deposited the amount in her savings account in Smith and Kim Bank. In the given scenario, which of the following statements is true?
a. $27,000 will be an asset for Smith and Kim Bank, while $27,000 will be a liability for All Union Bank.
b. $27,000 will be a liability for Smith and Kim Bank, while $27,000 will be an asset for All Union
Bank.
c. $27,000 will be an asset for both Smith and Kim Bank and All Union Bank.
d. $27,000 will be a liability for both Smith and Kim Bank and All Union Bank.
b
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In the above table, the relationship between x and y is ________ and, with y measured on the vertical axis, the slope between y = 5 and y = 8 is equal to ________
A) negative; 8 B) negative; 6 C) positive; 5 D) positive; 3
Refer to Figure 27-12. An increase in government purchases of $200 billion causes aggregate demand to shift ultimately from AD1 to AD2
Assuming a constant price level, the difference in real GDP between point A and point B will be ________ $200 billion. A) less than B) equal to C) greater than D) There is insufficient information given here to draw a conclusion.