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Author Question: Commercial banks' assets include ________. A. bank deposits of individuals and businesses and ... (Read 105 times)

Chloeellawright

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on: Jun 29, 2018
Commercial banks' assets include ________.
 
  A. bank deposits of individuals and businesses and bank reserves
  B. loans to individuals and businesses and government securities
  C. bank reserves and the deposits in M2
  D. government securities and borrowed funds

Question 2

At a price of 100, Beachside Canoe Rentals rented 11 canoes. When it increased its rental price to 125, 9 canoes were rented. Calculate the absolute value of the price elasticity of demand for canoe rentals using the midpoint formula.
 
  A) 2 B) 1.25 C) 0.9 D) 0.75


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soda0602

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B The discussion in the text about banks' assets shows that banks' assets include securities and loans.

Answer to Question 2

C


Chloeellawright

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

dyrone

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Reply 3 on: Yesterday
Excellent

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