If a private bank lends money to another bank, the interest rate that is charged for the loan is the:
A. Discount rate
B. Prime rate
C. Federal funds rate
D. Loan rate
C. Federal funds rate
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The curve in the above figure shows alternative combinations of gasoline and coffee that Sam likes equally well. This curve is called
A) a budget line. B) a demand curve. C) a consumption curve. D) an indifference curve.
In the model of monopolistic competition, compared to a firm with a lower marginal cost, a firm with a higher marginal cost will set a ________ price, produce ________ output, and earn ________ profits
A) higher; less; less B) lower; more; more C) higher; more; more D) lower; less; less E) higher; less; more
The lowest-income fifth of the population ordinarily earns about 20 percent of the income in the United States
a. True b. False Indicate whether the statement is true or false
Among the reasons that the poor countries have been unable to close the "technology gap" with the rich countries is
A) poorly established property rights. B) poorly developed financial markets. C) low education levels. D) all of the above E) none of the above