Which of the following statements is correct?
A. From the bank’s point of view, loans to customers are assets of the bank.
B. From the bank’s point of view, loans to customers are liabilities of the bank.
C. From the customer’s point of view, loans to customers are assets of the customer.
D. From the customer’s point of view, loans to customers are liabilities of the customer.
E. a and b only
F. a and d only
Answer: F
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The difference between the amount of capital at the beginning of a year and the amount of capital at the end of the year is equal to
A) financial consumption. B) gross investment. C) depreciation. D) capital consumption. E) net investment.
In the above figure, the price elasticity of supply at any given quantity is
A) highest along S1, next highest along S2, and lowest along S3. B) highest along S3, next highest along S2, and lowest along S1. C) equal to zero on each of the three supply curves. D) equal to one on each of the three supply curves.