Southwest monitors competition closely and it still has the lowest price in any given market about ___% of the time.

The largest percentage of banks' holdings of securities consist of

A) Treasury and government agency securities. B) tax-exempt municipal securities. C) state and local government securities. D) corporate securities.

When a person holds money, they give up

A) the pleasure associated with spending money. B) the pleasure associated with saving money. C) the interest that could have been earned if the money had been changed into an interest-bearing asset. D) nothing, since the person can always use the money to buy goods or services or interest-bearing assets.