The payments to the factors of production are: A) wages. B) rent. C) rent and interest. D) wages, rent, interest, and profits. ANSWER D
Date: September 10th, 2020
In the money market, an excess demand of money will: A) increase the supply of bonds, increase bond prices, and decrease interest rates. B) increase the supply of bonds, decrease bond prices, and decrease interest rates. C) increase the supply of bonds, increase bonds prices, and increase interest rates. D) increase the supply of bonds, […]
Date: September 10th, 2020
The U.S. exports computers with a domestic price of $100,000 and the yen/dollar exchange rate is 120 on January 1, 2003. On January 1, 2004 the yen/dollar exchange rate is 125. What is the yen price of the computers on January 1, 2003? What is the yen price of the computers on January 1, 2004? […]
Date: September 10th, 2020
The opportunity cost of hold real money balances is the: A) interest rate. B) price level. C) all of the above. D) none of the above. ANSWER A
Date: September 10th, 2020
Which of the following are bank assets? A) the building owned by the bank B) a discount loan C) a negotiable CD D) a customer’s checking account ANSWER A
Date: September 10th, 2020
An economy that has a domestic and a foreign sector is called: A) a mixed economy. B) an open economy. C) a closed economy. D) a command economy. ANSWER B
Date: September 10th, 2020
Banks may borrow from or lend to another bank in the Federal Funds market. A loan of excess reserves from one bank to another bank is recorded as a(n) ________ for the borrowing bank and a(n) ________ for the lending bank. A) asset; asset B) asset; liability C) liability; liability D) liability; asset ANSWER […]
Date: September 10th, 2020
The U.S. imports Japanese cars with a domestic price of 5,000,000 yen and the yen/dollar exchange rate is 120 on January 1, 2003. On January 1, 2004 the yen/dollar exchange rate is 125. What is the dollar price of the cars on January 1, 2003? What is the dollar price of the cars on January […]
Date: September 10th, 2020
A perfectly competitive market is characterized by a large number of small firms that produce a differentiated product. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The Dodd-Frank legislation of 2010 permanently increased the federal deposit insurance to A) $40,000. B) $100,000. C) $200,000. D) $250,000. ANSWER D
Date: September 10th, 2020
