How Much Is Someone Who Visits the ATM Once Every

question 42

Multiple Choice

How much is someone who visits the ATM once every 7 days and has an average cash balance of $70 expected to spend daily?

• A)$5
• B)$10
• C)$15
• D)$20

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Definitions:

Short Term

Typically refers to a time frame of up to one year, used to describe periods, financial instruments, or investments with brief durations.

Long Term

Referring to an extended period, often implying a duration that affects future conditions or outcomes.

Structural Unemployment

A form of unemployment that arises from a mismatch between the skills that workers offer and the skills demanded by employers, often due to technological changes or market shifts.

Frictional Unemployment

Unemployment that occurs when people are between jobs or are entering the labor force for the first time.