In 1879 . President Rutherford B. Hayes had the first telephone installed in the White House, but it was rarely used because:

a. he didn't know what it was
b. it kept breaking and no one could fix it
c. hardly anyone else in Washington had a telephone, so there was no one to call or to call in
d. hand written letters were considered a more correct form of correspondence

C

Economics

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If a bank has $100,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $40,000 in reserves, then the maximum deposit outflow it can sustain without altering its balance sheet is

A) $30,000. B) $25,000. C) $20,000. D) $10,000.

Economics

Which of the following is the least tangible?

a. Social capital b. Physical capital c. Human capital d. All of these choices

Economics