A checkable account
A) is a very illiquid asset.
B) is one on which the holder can write checks.
C) must be traded on the stock exchange.
D) cannot serve as a store of value.
B
Economics
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Loans issued by banks for the purpose of purchasing real estate or buildings are called
A) peer-to-peer loans. B) payday loans. C) bonds. D) mortgage loans.
Economics
Many business cycle theories are associated, by name, with individual economists who championed the ideas. For example, the housing cycle is also known as the
a. Schumpeter cycle b. Keynesian cycle c. Marxist cycle d. Kuznets cycle e. Jevons cycle
Economics