The budget deficit is the amount by which a government's expenditures exceed its receipts
a. True
b. False
Indicate whether the statement is true or false
True
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To pay for a current account deficit, a country can
A) borrow money from abroad. B) lend money abroad. C) increase official reserves to cover the shortfall. D) transfer money from the capital account to the official settlements account.
_____ is a stock measure of an individual's or household's assets and net liabilities, at a given point in time.
a. Wealth b. An asset c. Assets, wealth, and income are all stock measures. d. Income
Which of the following gambles should be considered more attractive?
A. If heads, you win $200; if tails, you lose $198. B. If heads, you win $5; if tails, you lose $10. C. If heads, you win $9; if tails, you lose $6. D. If heads, you win $6; if tails, you lose $4.
Assume you pay a premium of $0.50/bu for a put option with a strike price of $4.00/bu and that the current futures price is $3.75/bu. Then, the option is:
A. In-the-money B. At-the-money C. Out-of-the-money D. None of the above