A labor union is similar to a __________

Why is it that people who have to fly at a moment's notice often pay some of the highest air fares whereas people who wait until the last minute to buy a ticket to a live performance of play may be able to get a better price than someone who bought

their ticket months in advance.

Which of the following is a liability on a bank's balance sheet?

A) checkable deposits B) reserves C) loans D) all of the above E) none of the above