All of the following are examples of financial intermediaries EXCEPT
A) stock exchanges. B) credit unions.
C) insurance companies. D) retirement funds.
A
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Joey's Lawncutting Service rents office space from Joey's dad for $300 per month. Joey's dad is thinking of increasing the rent to $400 per month. As a result Joey's marginal cost of cutting grass will
A) increase by $100 divided by the amount of grass cut. B) increase by $100. C) decrease by $100. D) not change.
According to classical economists, if the amount of funds households save is greater than the amount of funds firms invest, then
A) the interest rate will fall, ultimately moving to a level where the amount of funds households plan to save equals the amount of funds firms plan to invest. B) the interest rate will rise, ultimately moving to a level where the amount of funds households plan to save equals the amount of funds firms plan to invest. C) the interest rate will remain constant and people will simply buy more goods. D) more money will he used for leisure purposes, since households save in order to consume leisure at some later time. E) none of the above
If the usury law was in effect, how much money would be lent out?
To prevent bank runs and the consequent bank failures, the United States established the ________ in 1934 to provide deposit insurance
A) FDIC B) SEC C) Federal Reserve D) ATM