Because a bank earns money when it makes a loan to a borrower it:
A. has an incentive to loan out as much of each deposit as it can.
B. has an incentive to borrow from the government as much as it can to loan out.
C. needs to loan out more than it takes in through deposits to make money.
D. has more of an incentive to loan out money than take money in through deposits.
A. has an incentive to loan out as much of each deposit as it can.
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Can consumption efficiency be achieved even if the efficient product mix is not achieved?
What will be an ideal response?
If all prices, including the price of beef, increase by 3%, then the relative price of beef has ________ and inflation ________.
A. remained constant; has not occurred B. remained constant; has occurred C. increased; has not occurred D. increased; has occurred