The "efficiency of the payments mechanism" refers to
a. the ease and speed of exchanging money for goods and services.
b. how fast member banks replenish required reserves.
c. how fast banks pay interest on deposit accounts.
d. how fast countries pay off foreign debts.
a
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As measured, GDP omits which of the following? i. Illegal sales of goods and services ii. Changes in the amount of leisure time iii. Household production of goods and services
A) i only B) i and ii C) ii and iii D) i and iii E) i, ii, and iii
To the corporation, bonds are riskier than stocks because
A. interest rates fluctuate. B. bond interest requires that firms make a fixed payment. C. investors prefer stocks to bonds. D. speculators manipulate bonds more than stocks.
In the events of the housing bubble collapsing, once the housing prices stopped increasing refinancing:
A. was no longer an option, and a wave of foreclosures occurred. B. no longer allowed people to borrow cash on the new value of their home, and spending slowed. C. became less popular, and people's consumption overall dropped. D. became more popular, and people's consumption accelerated overall.
___________ is the best day to find low fares. This is a departure from the conventional wisdom of recent years, when _________ was considered the best bet.
Fill in the blank(s) with the appropriate word(s).