Banking under a system of fractional reserves is a(n)
a. inherently risky business that is unsafe regardless of bank management.
b. inherently risky business that is relatively safe under prudent management.
c. fairly safe business unless management is irresponsible.
d. fairly safe business with no unusual risks.
b
Economics
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A good that entails relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production is
A) a logo good. B) a search good. C) a persuasive good. D) an information product.
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An increase in productivity will cause
A. AD to decrease (move to the left). B. AS to increase (move down and to the right). C. AS to decrease (move up and to the left). D. AD to increase (move to the right).
Economics