When a customer takes out a loan from a bank, this loan is:
a) a liability for the bank.
b) savings for the bank.
c) a loss for the bank.
d) an asset for the bank.
Ans: d) an asset for the bank.
Economics
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In a nation with a market economy, workers are free to:
a. choose their employer b. set their salary or wage c. take office supplies home d. take as many paid vacation days as they want.
Economics
Since the early 1970s, average incomes have
a. increased, which has reduced the poverty rate. b. increased, while the poverty rate increased slightly. c. decreased, while the poverty rate has remained unchanged. d. remained unchanged, while the poverty rate has decreased.
Economics