Determining bank problem
Which of the given is a bank? a) Post office saving banks (b) LIC (c) UTI (d) IDBI.
Expert
Post office saving banks is not bank in the logic that even though they accept deposits from public however do not advance loans to the others.
LIC, UTI and IDBI are also not banks in the logic that even though they do not accept chequeable deposits however advance loans to others.
Define the term Supply curve.
If the MPC is .70 and investment increases by $3 billion, the equilibrium GDP will:
Explain the term Shut Down Price? Illustrate it.
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Economic systems differ according to which two main characteristics?
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