The demand for money was high in the year 2015 when the interest rate on savings deposits and time deposits was close to zero
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following describes a situation in which demand must be inelastic?
a. The price of pens rises by 10 cents, and quantity of pens demanded falls by 50. b. The price of pens rises by 10 cents, and total revenue rises. c. A 20 percent increase in the price of pens leads to a 20 percent decrease in the quantity of pens demanded. d. Total revenue does not change when the price of pens rises. e. Total revenue decreases when the price of pens rises.
Economics
Liabilities of the commercial banking system include:
A. reserves and loans. B. loans and deposits. C. deposits. D. reserves and deposits.
Economics