Normative Statements Are

question 64

Multiple Choice

Normative statements are

• A)not usually made by economists.
• B)claims about how the world should be.
• C)claims about how variables in the economy normally behave.
• D)pessimistic interpretations of the economy.

---

Definitions:

Deposits

Funds placed into a bank account or materials settled in a location or container, accumulating over time.

Transactions

Actions carried out between parties that involve the exchange of goods, services, or funds, often documented and finalized through a formal process or agreement.

ATM

An Automated Teller Machine, which is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.

Check Register

A record keeping tool used to track checks written, deposits made, and current balance for a checking account.