Macroeconomics

According to Davis (1963), industrial firms need capital to expand, gr

According to Davis (1963), industrial firms need capital to expand, grow and develop. They will seek the most efficient means to finance this capital. In the U.S. during its period of industrialization, industrialists raised the resources needed to invest in capital accumulation by (a) tapping into the lending power of giant commercial banks. (b) utilizing […]

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Date: September 10th, 2020

How do banks and financial intermediation support economic growth and

How do banks and financial intermediation support economic growth and development? (a) By helping businesses secure the funds needed for capital accumulation and technology advancements (b) By assisting customers in buying durable and nondurable goods and services (c) By financing government expenditures when tax revenue falls below planned spending (d) By granting loans to foreign-born […]

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Date: September 10th, 2020

Under the bimetallic system, when did the U.S. experience a depletion

Under the bimetallic system, when did the U.S. experience a depletion in its reserve species? (a) When imports exceeded exports (b) When exports exceeded imports (c) When the U.S. closed its borders to all international trade (d) When the trading partners of the U.S. refused all U.S. imports   ANSWER (a)

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Date: September 10th, 2020