Each year the government makes interest payments to people who own part of the public debt. The debt is in the form of
a. Federal Reserve Notes
b. Treasury bills, notes, and bonds
c. stocks and bonds
d. FDIC notes
e. private securities
B
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Evaluate the following statement. If a firm is suffering economic losses then the sensible thing to do is to shut down temporarily
What will be an ideal response?
If Second National Bank has more rate-sensitive liabilities then rate-sensitive assets, it can reduce interest rate risk with a swap that requires Second National to
A) pay fixed rate while receiving floating rate. B) receive fixed rate while paying floating rate. C) both receive and pay fixed rate. D) both receive and pay floating rate.
Determining the optimal level of military expenditures is easy because the preferences of the median voter a reflected in the vote for president
a. True b. False
The natural rate of real output reflects the levels of ______ in the economy.
a. capital, land, labor, and technology b. prices c. consumption, investment, imports, and taxes d. wages