What is the effect of a debit on a person's checking account?
- A. The account's balance increases.
- B. The account's balance decreases.
- C. The account's interest rate increases.
- D. The account's interest rate decreases.
Correct Answer & Rationale
Correct Answer: B
A debit reduces the available funds in a checking account, leading to a decrease in the account's balance. Therefore, option B accurately reflects this effect. Option A is incorrect since a debit cannot increase the balance; it signifies money being spent or withdrawn. Options C and D relate to interest rates, which are unaffected by debit transactions in a checking account. Interest rates typically depend on the account type and bank policies, not on individual transactions like debits. Hence, they do not apply to the effect of a debit on the account balance.
A debit reduces the available funds in a checking account, leading to a decrease in the account's balance. Therefore, option B accurately reflects this effect. Option A is incorrect since a debit cannot increase the balance; it signifies money being spent or withdrawn. Options C and D relate to interest rates, which are unaffected by debit transactions in a checking account. Interest rates typically depend on the account type and bank policies, not on individual transactions like debits. Hence, they do not apply to the effect of a debit on the account balance.
Other Related Questions
A police department allows a person suspected of committing a crime to refuse to answer questions asked by the investigating officer. Which amendment protects this right?
- A. Amendment 1
- B. Amendment 4
- C. Amendment 5
- D. Amendment 6
Correct Answer & Rationale
Correct Answer: C
The Fifth Amendment protects individuals from self-incrimination, allowing a person suspected of a crime to refuse to answer questions posed by law enforcement. This right ensures that individuals cannot be compelled to provide testimony that could implicate them in a crime. Option A, the First Amendment, pertains to freedoms of speech, religion, press, assembly, and petition, but does not address self-incrimination. Option B, the Fourth Amendment, protects against unreasonable searches and seizures, but does not relate to questioning. Option D, the Sixth Amendment, guarantees rights related to criminal prosecutions, such as the right to counsel and a fair trial, but does not specifically cover the right to remain silent during questioning.
The Fifth Amendment protects individuals from self-incrimination, allowing a person suspected of a crime to refuse to answer questions posed by law enforcement. This right ensures that individuals cannot be compelled to provide testimony that could implicate them in a crime. Option A, the First Amendment, pertains to freedoms of speech, religion, press, assembly, and petition, but does not address self-incrimination. Option B, the Fourth Amendment, protects against unreasonable searches and seizures, but does not relate to questioning. Option D, the Sixth Amendment, guarantees rights related to criminal prosecutions, such as the right to counsel and a fair trial, but does not specifically cover the right to remain silent during questioning.
The government permits a group of people to protest in front of the U.S. Capitol in Washington, D.C. Which amendment protects this action?
- A. Amendment 1
- B. Amendment 4
- C. Amendment 5
- D. Amendment 10
Correct Answer & Rationale
Correct Answer: A
The First Amendment protects the right to free speech, assembly, and the right to petition the government, which includes the act of protesting. This foundational freedom allows individuals to express their views publicly, especially in front of significant government buildings like the U.S. Capitol. Amendment 4 focuses on protection against unreasonable searches and seizures, which does not pertain to protest rights. Amendment 5 addresses rights related to legal proceedings, such as self-incrimination and due process, while Amendment 10 reserves powers to the states and the people, neither of which directly relates to the act of protesting.
The First Amendment protects the right to free speech, assembly, and the right to petition the government, which includes the act of protesting. This foundational freedom allows individuals to express their views publicly, especially in front of significant government buildings like the U.S. Capitol. Amendment 4 focuses on protection against unreasonable searches and seizures, which does not pertain to protest rights. Amendment 5 addresses rights related to legal proceedings, such as self-incrimination and due process, while Amendment 10 reserves powers to the states and the people, neither of which directly relates to the act of protesting.
A drought strikes Toland and decreases the amount of fish caught from 8 units to 2 units. How will this change affect trade negotiations for the following year?
- A. The countries should maintain the existing agreement.
- B. Both countries should produce both goods.
- C. Toland should specialize in the production of timber.
- D. Toland should specialize in the production of fish.
Correct Answer & Rationale
Correct Answer: C
A decrease in fish catch due to drought shifts Toland's production capabilities. Specializing in timber (Option C) allows Toland to focus on a resource that can still be produced effectively, potentially increasing trade value. Maintaining the existing agreement (Option A) ignores the new realities of reduced fish availability, which could lead to imbalances. Producing both goods (Option B) may spread resources too thin, hindering efficiency. Specializing in fish (Option D) is unwise, as the drought has drastically reduced fish availability, making it impractical to rely on this sector.
A decrease in fish catch due to drought shifts Toland's production capabilities. Specializing in timber (Option C) allows Toland to focus on a resource that can still be produced effectively, potentially increasing trade value. Maintaining the existing agreement (Option A) ignores the new realities of reduced fish availability, which could lead to imbalances. Producing both goods (Option B) may spread resources too thin, hindering efficiency. Specializing in fish (Option D) is unwise, as the drought has drastically reduced fish availability, making it impractical to rely on this sector.
Which point on this PPF graph indicates an inefficient use of the country's resources?
- A. V
- B. X
- C. Y
- D. Z
Correct Answer & Rationale
Correct Answer: A
Point A on the PPF graph indicates an inefficient use of the country's resources because it lies inside the production possibilities frontier (PPF). This suggests that the economy is not utilizing all available resources effectively, resulting in lower production levels than possible. Point B (X), C (Y), and D (Z) all lie on the PPF, indicating efficient resource use where maximum production is achieved. These points represent combinations of goods that utilize resources fully, reflecting optimal economic performance. Thus, only point A signifies inefficiency.
Point A on the PPF graph indicates an inefficient use of the country's resources because it lies inside the production possibilities frontier (PPF). This suggests that the economy is not utilizing all available resources effectively, resulting in lower production levels than possible. Point B (X), C (Y), and D (Z) all lie on the PPF, indicating efficient resource use where maximum production is achieved. These points represent combinations of goods that utilize resources fully, reflecting optimal economic performance. Thus, only point A signifies inefficiency.