Bank Clerk Questions

Net working capital is defined as the aggregate of the current liabilities and current assets i.e, it measures the company's ability to pay off its current liabilities with in the current assets.

An increase in the price level will cause a movement up the aggregate demand curve.

The Treaty of Versailles was designed mostly to punish Germany, reflecting the bitter and vengeful feelings that Britain and France felt towards their World War I enemy.

It took away the German empire by seizing its colonies, and it limited the German Army to a 100,000 man security force.

The Gulf of Tonkin Incident, in 1964, was a major turning point in United States military involvement in Vietnam. The Gulf of Tonkin Incident occurred in August 1964.

For a good that is a luxury demand tends to be elastic.

A low trough is indicative of "a growing recession" since a trough indicates a general change in the business cycle, which can have varying degrees of importance. A recession could be an important decline in economic activity that goes on for quite many months.