A bank's costs include all of the following EXCEPT
A) the interest it pays to depositors.
B) the interest it pays on its loans or debt.
C) the cost of providing services.
D) the fees paid to maintain its reserve at the Federal Reserve.
D
Economics
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The main objective of advertising for a monopolistically competitive firm is
A) to differentiate the product and boost demand. B) to reduce cost. C) to earn long run profits. D) none of the above.
Economics
A legally mandated minimum wage is an example of:
a. the invisible hand principle. b. a price floor. c. a price ceiling. d. a fringe benefit.
Economics