-Refer to Table 11

question 20

Multiple Choice

-Refer to Table 11.3 At an aggregate output level of $2,000 million, what will change in order to bring the economy to equilibrium?

• A) Consumption must decrease.
• B) Output must increase.
• C) Investment must decrease.
• D) Inventories must increase.

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Definitions:

Automated Teller Machines

Electronic banking outlets that allow customers to complete transactions without the need for a branch representative.

Direct Deposits

Direct Deposits involve the electronic transfer of a payment directly from the account of the payer to the recipient's account, commonly used for payroll or benefit disbursements.

Float Time

The period between when a bank check is written and when it is actually withdrawn from the payer's account, typically used to advantage cash flow.

Unauthorized Payment

A transaction made without the consent or authorization of the account holder.