What are the main features of the Celler-Kefauver Act?
What will be an ideal response?
The Celler-Kefauver Act outlawed asset-purchase mergers that would substantially reduce competition. It closed a loophole in the Clayton Act.
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Mary Ellen lives in a large city and earns $100,000 a year. Her sister, Molly, lives in a small rural community and earns only $20,000 a year
Based on this information, can you conclude that Mary Ellen is better off than her sister? Explain your answer.
Is Europe an optimum currency area?
What will be an ideal response?
The federal funds interest rate
a. can be raised or lowered by the Federal Reserve to regulate the volume of loans to banks. b. is administered by the Open Market Committee. c. increases when the fed conducts open market purchases. d. is set by Congress. e. none of the above.
Bond A and Bond B have identical characteristics except that Bond A has a higher interest rate. Which bond has a higher credit risk?