The primary economic function of the financial system is to
a. keep interest rates low.
b. provide expert advice to savers and investors.
c. match one person's consumption expenditures with another person's capital expenditures.
d. match one person's saving with another person's investment.
d
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The real costs of inflation to society include:
A. an increase in the general level of prices. B. higher relative prices. C. lost purchasing power of income. D. interference with long-term planning.
In January 2013, the world's cheapest Big Macs were sold in
A) the Philippines. B) Russia. C) China. D) Malysia. E) the Czech Republic.
The owner of a bakery decides to drop the price of lemon cakes by 5%, how much does quantity sold have to rise to stop the revenue from decreasing
a. 2% b. 3% c. 4% d. 5%
A parent company rewarding managers on profit centers can simply
a. Subtract division costs from the division revenue and reward the manager on the difference b. Add the division costs to the division revenue and reward the manager on the sum c. Reward the manager on the revenue of the division d. Reward the manager on the costs of the division