In general, an increase in price could be caused by either:
a. an increase in demand or a decrease in supply.
b. an increase in demand or an increase in supply.
c. a decrease in demand or an increase in supply.
d. an increase in demand or an increase in supply.
a
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The decline in the relative importance of transactions deposits as a source of bank funds between 1970 and 1997 can be attributed to
A) the general increase in interest rates on other types of assets. B) movements of transactions deposits to thrifts. C) the extension of unlimited check writing privileges to many non-transactions deposits. D) the increase in large-sized negotiable CDs as sources of bank funds.
Diversification refers to the
A) splitting of wealth into many assets. B) difference between the liquidity of an asset and its risk. C) difficulty of converting investments in common stocks into investments in bonds. D) difficulty of selling common stocks in a weak market.