The discount rate refers to the interest rate on
A) primary credit.
B) secondary credit.
C) seasonal credit.
D) federal funds.
A
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Suppose that banks pay 4 percent interest on checking accounts while U.S. Savings Bonds pay 6 percent interest. Under these conditions
A) no nonmonetary assets are willingly held. B) a combination of money and nonmonetary assets are willingly held. C) no money balances are willingly held. D) we do not have sufficient information to tell whether or not any money balances are willingly held.
Suppose you drink more tea because the price of coffee has increased. Which of the following best explains your action?
a. the law of supply b. tea and coffee are complements c. the substitution effect d. the income effect e. your nominal income has increased
The liquidity-preference model was first introduced in:
A. 2008 by Ben Bernanke. B. 1936 by John Maynard Keynes. C. 1776 by Adam Smith. D. 1970 by John Kenneth Galbraith.
If a country has business opportunities that are relatively attractive to other countries, we would expect it to have
a. both positive net exports and positive net capital outflow. b. both negative net exports and negative net capital outflow. c. positive net exports and negative net capital outflow. d. negative net exports and positive net capital outflow.