Which One of the Following Statements Is True

question 97

Multiple Choice

Which one of the following statements is true?

• A) Demand deposits are assets of a bank.
• B) A bank's assets plus its liabilities equals must equal zero.
• C) A bank's reserves can only be kept as cash in its vault.
• D) Assets generate income for a bank.

Describe the effect of technological advancements on the marginal product of labor and corresponding changes in employment.

Understand how the concept of margin applies to economic analysis and decision-making within firms.

Analyze the effects of managerial efficiency improvements on labor demand and marginal revenue product.

Understand the concept of marginal revenue product and its calculation.

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Definitions:

Insanity

A legal term describing a person's inability to understand the nature of his or her actions or distinguish between right and wrong due to mental illness.

Charter of Rights and Freedoms

A foundational legal document in Canada that guarantees fundamental freedoms and rights to its citizens, ranging from freedom of expression to rights to a fair trial.

Crown Corporations

Government-owned companies or enterprises operated by the state, often to undertake commercial activities.

Married Women

Women who are legally bound in marriage, subject to specific legal rights and responsibilities that may differ based on jurisdiction.