Why has the chairman of the Fed participated in meetings with top economic advisers of the president?
a. to show a united front to other nations
b. to alleviate coordination problems between the Fed and fiscal policy makers
c. to pressure banks into adopting the Fed’s monetary policies
d. to gather more popular support for both monetary and fiscal policies
b. to alleviate coordination problems between the Fed and fiscal policy makers
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A manager of a firm based in the United States is interested in entering the Italian market. The manager is most concerned about maintaining total control over operations. Which of the following entry methods will best address the manager's concerns?
A) partnership B) joint venture C) master franchising D) independent entry
The value of fiat money is fundamentally determined by the: a. reputation of the bank that holds it
b. reputation of the person who holds it. c. value of the gold or silver for which it can be redeemed. d. value of the commodities for which it can be traded. e. value of comparable stocks and bonds.
In the long-run, higher saving leads to
What will be an ideal response?
One reason customers do not care about the quality of their bank's assets is:
A. most people cannot distinguish an asset from a liability. B. with deposit insurance, there isn't any real reason to care; their deposits are protected even if the bank fails. C. the quality of a bank's assets changes almost daily. D. they assume the bank only has high quality assets.