In 2015, some banks in Europe had to make interest payments to borrowers rather than receive interest payments from borrowers. Which of the following statements describes this situation?
A) For these banks, the loans increased required reserves.
B) For these banks, the loans were liabilities instead of assets.
C) These banks were receiving negative nominal interest rates on these loans.
D) All of the above are correct.
C
Economics
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Refer to Figure 12-2. Why is the total revenue curve a ray from the origin?
A) because the firm can sell its product at a constant price B) because revenue increases at a decreasing rate C) because the firm must lower its price to sell more D) because revenue increases at an increasing rate
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As populations age, public spending tends to increase
Indicate whether the statement is true or false
Economics