Cisco is considering opening a financial institution that accepts ...

[jlmhmf]

Cisco is considering opening a financial institution that accepts savings deposits from only its employees and makes loans to only its employees. The best description of this financial institution is that it is a
 
  A) credit union.
  B) savings and loan association.
  C) federal government chartered credit bank.
  D) commercial bank.
  E) savings bank.

Question 2

During an economic expansion, the demand for money ________ because ________.
 
  A) decreases; nominal GDP increases
  B) increases; real GDP increases
  C) increases; nominal GDP does not change
  D) does not change; people make more purchases with credit cards
  E) decreases; real GDP increases

[IAPPLET]

Answer to Question 1

A

Answer to Question 2

B

[jlmhmf]

Thank you

[IAPPLET]

Happy to help you