The purpose of the IMF is to:
A. provide developing countries with short-term loans and technical assistance.
B. determine monetary and fiscal policy in developing countries.
C. determine exchange rates for developing countries.
D. buy and sell the currencies of developing countries in order to stabilize their value.
Answer: A
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The first money issued by a United States' governmental authority were
a. bank notes issued by the United States Treasury 1766, 10 years before the founding of the Republic b. silver certificates issued by the Federal Reserve on the eve of the American revolution c. Continental Notes issued by the Continental Congress to finance the Revolutionary War d. greenbacks issued by the Treasury to finance the War of 1812 e. gold certificates issued by the Federal Reserve during American revolution
In some markets, demand can be approximated by Q = 50?5P + 10Ywhere Q is quantity, P price per unit, and Y = buyers’ income. Supply can be approximated by Q =?5 + 10P. a. If Y = 20, what is equilibrium price and output? b. If Y rises to 25, what is the new equilibrium price and output? ?
What will be an ideal response?
For building contractors, doubling the size of an office building does not require double the inputs because there are common walls. This is an example of
a. increasing marginal product b. diminishing marginal returns c. economies of scale d. diseconomies of scale e. constant returns to scale
If the Fed lowered the required reserve ratio,
a. excess reserves would decrease b. the money supply would decrease c. the money supply would increase d. banks would borrow more from the Fed e. loans would earn more interest