Which of the following is seen as a benefit to society in moving away from using checks to electronic banking?
a. processing checks is a capital-intensive process
b. electronic banking is a labor-intensive process
c. processing checks is less costly than electronic banking
d. electronic banking is a more efficient process than check clearing
d. electronic banking is a more efficient process than check clearing
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The Bretton Woods conference in 1944 established the gold standard, which was abandoned in 1971
Indicate whether the statement is true or false
Daniel was just laid off from his teaching job at the local high school due to state budget cuts resulting from the reduction in tax revenue during the recent economic downturn. Daniel would best be categorized as
A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.