Which statement is most correct about the types of deposits a commercial bank can accept?
A) A commercial bank does not accept deposits but sells shares.
B) A commercial bank accepts checking, savings and time deposits.
C) A commercial bank accepts savings and time deposits, but not checking deposits.
D) A commercial bank can only accept checking deposits from commercial enterprises.
E) A commercial bank can accept loan deposits, reserve deposits, and checkable deposits.
Question 2
An example of the new goods bias in the calculation of the CPI is a price increase in
A) a 2013 Honda Civic Si Coupe relative to a 2013 Honda Civic Si Sedan.
B) butter relative to margarine.
C) an iPod player relative to a Walkman.
D) textbooks bought through the campus bookstore relative to textbooks bought through Amazon.com.
E) a Caribbean cruise for a couple who has never been on a cruise before.