Choose the Word or Phrase in [ ] Which Will

question 96

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A bank customer would expect to be able to write checks on his regular checking account and on his [certificate of deposit | money market fund].

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Definitions:

Satisfy Unlimited Wants

The economic principle that refers to the constant desire for goods and services exceeding the limited resources available to fulfill those desires.

Human Skills

The capabilities and expertise individuals possess that enable them to perform tasks, solve problems, and produce goods or offer services.

Capital

The buildings, equipment, and human skills used to produce goods and services.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.