The prime rate A) is charged by high quality corporations to each other. B) is charged by banks to each other. C) is charged by the Federal Reserve to member banks. D) is charged by banks to high quality corporations. E) fluctuates on a day-to-day basis as do other rates. ANSWER D
Date: September 9th, 2020
In 2005, Americans spend an average of more than $6,000 per person per year on health maintenance and care. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
Use the following statements to answer this question: I. Corporate paper rates are typically less than one percent higher than Treasury bill rates. II. Treasury bill rates may be viewed a short-term, risk-free rates. A) I and II are true. B) I is true and II is false C) II is true and I is […]
Date: September 9th, 2020
Unlike AFDC, TANF is an entitlement program. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
Suppose the marginal value curve for a monopsonist is MV = 70 – Q, and the marginal expenditure curve is ME = 10 + 2Q. What is the optimal price paid by the monopsonist? A) P = 20 B) P = 50 C) P = 60 D) We need to know the AE curve in […]
Date: September 9th, 2020
In a bilateral monopoly, equilibrium price will A) favor the seller. B) favor the buyer. C) approximate the competitive equilibrium price. D) not be determined by a simple rule. ANSWER D
Date: September 9th, 2020
Poverty and illness interact in a reciprocal relationship that is not equally strong in both directions. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
What is the difference between the corporate paper rate and the corporate bond rate? A) The corporate paper rate refers to interest rates paid on high-quality corporate bonds of relatively short duration (up to 6 months). B) The corporate paper rate refers to interest rates paid on high-quality corporate bonds of relatively long duration (typically […]
Date: September 9th, 2020
The difference between a Treasury bill and a Treasury bond is that the bill A) can be purchased by anyone, and the bond can be purchased by U.S. citizens only. B) is insured, and the bond is not. C) pays more than the bond. D) pays no interest. E) is short-term, and the bond is […]
Date: September 9th, 2020
TANF sends block grants of a fixed amount from the federal government to the states. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
