Branch Accounts
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Questions and Answers

Which of the following best describes a branch account?

  • An account that is shared between multiple individuals
  • An account that is used for online banking transactions
  • An account that is opened at a branch office of a bank (correct)
  • An account that allows you to withdraw money from any branch of a bank
  • Who can open a branch account?

  • Only individuals who have a large amount of money to deposit
  • Only individuals who have a high credit score
  • Any individual who meets the bank's requirements (correct)
  • Only individuals who are employed by the bank
  • What is the main purpose of a branch account?

  • To deposit cash and checks (correct)
  • To transfer money internationally
  • To make online purchases
  • To earn interest on savings
  • Which of the following best describes an indifference curve?

    <p>A line showing all the combinations of two goods which give a consumer equal utility.</p> Signup and view all the answers

    Why is an indifference curve convex?

    <p>Because of diminishing marginal utility.</p> Signup and view all the answers

    What does a budget line show?

    <p>The combination of goods that a consumer can afford given their budget.</p> Signup and view all the answers

    Which indifference curve gives the highest net utility?

    <p>I4</p> Signup and view all the answers

    What does an indifference curve map show?

    <p>Different indifference curves for different levels of utility.</p> Signup and view all the answers

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