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BANK LIABILITIES: What a bank owes, including most notably customer deposits. Bank liabilities are typically listed on the right-hand side of a bank's balance sheet. Bank assets, what a bank owns, are listed on the left-hand side of a bank's balance sheet. Net worth is the difference between assets and liabilities. The most important liability category of most bank is checkable deposits, which is part of the economy's M1 money supply. The largest liability category includes other types of deposits (especially savings deposits, certificates of deposit, and money market deposits) that enter into the M2 and M3 monetary aggregates.
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Lesson 3: Scarcity | Unit 2: Resources
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Page: 4 of 17
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Factors of production, productive factors, or resources are the 'stuff' used to create wants-and-needs-satisfying goods. Economists have four official groups, or categories, for our resources, for our factors of production: - Labor: human effort, both physical and mental.
- Capital: machines, equipment, tools, and buildings.
- Land: raw materials or natural resources.
- Entrepreneurship: risk-taking organizers of production.
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INCOME EARNED BUT NOT RECEIVED The three types of income earned but not received (IEBNR) by the factors of production are Social Security taxes, corporate profits taxes, and undistributed corporate profits. IEBNR is subtracted from national income to calculate personal income.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time flipping through mail order catalogs hoping to buy either a flower arrangement for that special day for your mother or a New York Yankees baseball cap. Be on the lookout for letters from the Internal Revenue Service.
Your Complete Scope
This isn't me! What am I?
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North Carolina supplied all the domestic gold coined for currency by the U.S. Mint in Philadelphia until 1828.
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"The time to repair the roof is when the sun is shining." -- John F. Kennedy, 35th U. S. president
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NAG
Net Annual Gain
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