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.
A
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Cost-benefit analysis does not employ interpersonal utility calculations
a. True b. False
Suppose that residents of a town are asked to vote on the best day to improve the safety of an intersection. The three choices are: a stoplight, a 4-way stop, and a 2-way stop. The mayor asks the residents to assign 3 points to their first choice, 2 points to their second choice, and 1 point to their last choice. The intersection will be controlled by the method that receives the most points
This voting scheme is called a. Arrow's impossibility theorem. b. the Condorcet paradox. c. a Borda count. d. the median voter theorem.