A resource is defined to be:
A. something of value.
B. something that people respond to.
C. a good or service.
D. anything that can be used to make something of value.
Answer: D
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Because banks engage in regulatory arbitrage, the Basel Accord on risk-based capital requirements may result in
A) reduced risk taking by banks. B) reduced supervision of banks by regulators. C) increased fraudulent behavior by banks. D) increased risk taking by banks.
Generally, the longer the maturity on a bond, the lower the interest rate
a. True b. False
At higher interest rates, people will hold more money.
a. true b. false
If the federal government were to run a budget deficit, this would:
A. increase the size of the national debt. B. reduce the size of the national debt. C. leave the size of the national debt unchanged. D. increase the national debt only if the government also expands the supply of money.