Evaluate the following statement: "saving money is not lending. how can it be? when i save my money, i put it in a bank. i don't loan it out to someone else." the statement is a. correct. depositing money in a bank is borrowing, not saving. b. correct. depositing money in a bank is neither saving nor borrowing. c. incorrect. the supply of loanable funds is determined by household saving. d. incorrect. the supply of loanable funds is determined by firms' willingness to borrow.

Identify which of the twelve basic functions listed below fit the description given.

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units