Which of the following is a bank liability?
A. Reserve deposits at the Fed.
B. Loans made to customers.
C. Transactions account balances.
D. Securities the bank has purchased.
Answer: C
Economics
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The quantity of real GDP supplied increases when the price level increases because
A) the quantity of money increases. B) the real wage rate rises. C) aggregate demand increases. D) investment increases. E) the real wage rate falls.
Economics
Which of the following statements regarding a price-taking firm is correct?
A) Demand = average revenue > marginal revenue. B) Demand = marginal revenue > average revenue. C) Demand = price = average revenue = marginal revenue. D) Demand = price > average revenue > marginal revenue.
Economics