Use the Following to Answer Questions

question 57

Multiple Choice

Use the following to answer questions:
Banks decide to do away with fees charged when other banks' customers use the bank's own ATM.
-(Scenario: Money and Interest Rates) Refer to Scenario: Money and Interest Rates.If the money supply remains constant,interest rates will likely:

• A) decrease.
• B) increase.
• C) remain the same.
• D) increase or decrease,depending upon what maximizes profits for the largest commercial banks.

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Definitions:

Collective Interests

are shared objectives or goals that are of common concern to a group or society as a whole.

Professional Association

An organization seeking to further a particular profession, protect the interests of its members, and maintain standards within the field.

Trade Union

An organization of workers designed to facilitate collective bargaining with employers over wages, work conditions, and benefits.

Human Relations

Interactions and relationships between people, especially in the workplace, emphasizing communication and cooperation.