In order to qualify for unemployment insurance and worker's compensation, a person must have
a. paid taxes the previous year
b. an employment record
c. a family of four
d. food stamps
e. a driver's license
B
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Consider two banks: Bank A and Bank B. Suppose the value of liabilities of both the banks is equal. However, Bank A is solvent but Bank B is insolvent. This would imply that:
A) the value of Bank B's assets exceeds the value of Bank B's liabilities. B) the value of Bank A's liabilities exceeds the value of Bank A's assets. C) the value of Bank B's assets exceeds the value of Bank A's assets. D) the value of Bank A's assets exceeds the value of Bank B's assets.
In the quantity equation, V represents the:
A. total number of transactions during some period of time. B. price of a typical transaction. C. rate at which each unit of money circulates in the economy. D. quantity of money.