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