This is a function of money in which any commodity - such as gold or currency - can be saved for later use.

GDP is the: national income minus all non-income charges against output. monetary value of all final goods and services produced within the borders of a nation in a particular year.

When there is a fixed supply of loanable funds, an increase in investment demand results in a (n) : ?

You are trying to decide whether to purchase the latest Harry Potter book online or borrow it from the library. There is no charge for borrowing a book from the library, but going to the library takes more time than ordering a book online.

Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then: A. exports exceed imports by $50 billion. B. imports exceed exports by $50 billion. C.

What event brought an end to the Great Depression, returning the economy to a full recovery?

A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of a.

What is a diversionary incentive? a. a temptation to switch trading partners to get a better deal b. an opportunity to change international agreements while other states are preoccupied with a conflict c. a payoff for avoiding war d.

A business may decide to pay employee salaries every week, every two weeks, twice a month, or once a month. True or False?

Bank of the Atlantic has liabilities of $4 million with an average maturity of two years paying interest rates of 4.0 percent annually. It has assets of $5 million with an average maturity of 5 years earning interest rates of 6.0 percent annually.

Why does unoka consult the oracle? what does the oracle tell him?