A consumer with a limited income will maximize utility when each good is purchased in amounts such that the
A. marginal utility of each good in a bundle is maximized.
B. total utility is the same for each good in a bundle.
C. marginal utility per dollar spent on each of the final choices in a bundle is equal.
D. marginal utility per dollar spent on each of the final choices in a bundle is maximized for each good.
Answer: C
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Which of the following is NOT a bank liability?
A) checkable deposits B) CDs C) mortgage loans D) borrowings from the Federal Reserve
Which of the following is true regarding bonds? a. Other things equal, bondholders have greater financial security than stockholders. b. The possibility of a bond's value increasing greatly is limited compared to stocks. c. The legal obligation to bondholders is of higher priority than that of stockholders. d. Higher market interest rates represent a risk to bondholders
e. all of the above