Ultimate solutions to the problems of unsustainable debt must take into account the incentives for lenders to make loans
Indicate whether the statement is true or false
TRUE
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If gold miners expect the price of gold to be 100% higher one year from now, they will probably
A) decrease the supply of gold they bring to market now. B) increase the supply of gold they bring to market now. C) increase the quantity supplied of gold, but supply will remain unchanged. D) do none of the above.
A cash item in the process of collection is
A) a U.S. Treasury bill that has matured, but for which the bank has not yet received payment. B) a car loan payment that is due but not yet received by the bank. C) a check drawn against another bank, from whom the funds have not yet been collected. D) currency that has been deposited in the bank, but not yet formally counted and entered into the bank's balance sheet.