Money is "created" when:
A. A depositor gets cash from the bank's ATM
B. A bank accepts deposits from its customers
C. People receive loans from their banks
D. People spend the incomes that they receive
C. People receive loans from their banks
Economics
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In the above table, if the quantity sold by the firm rises from 5 to 6, its marginal revenue is
A) $15. B) $30. C) $75. D) $90.
Economics
If marginal cost of growing wheat, MC, just reaches $4 per bushel and if the expected price of wheat Pis $4, a farmer
A. should produce at that exact level at which MC= P and if AVC< MC. B. should check her/his average variable cost to see if P covers AVC. C. should stop producing if AVC> 4. D. All of the above.
Economics