Prior to 1970, mortgages were ________ resold in the secondary market
A) never B) often C) rarely D) always
C
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When a student uses a credit card to buy an iPod, the student is
A) borrowing in the bond market. B) borrowing in the loan market. C) lending in the stock market. D) lending in the bond market. E) lending in the loan market.
Prices of commercial airline tickets (assume that this is a normal good) have fallen in recent months. Over this same period, the price of jet fuel has risen and consumer incomes have fallen
Which of the following best explains the falling prices of airline tickets? A) The supply curve for airline tickets has shifted to the left while the demand curve for airline tickets has shifted to the right. B) The demand curve for airline tickets has shifted to the left more than the supply curve has shifted to the left. C) The supply curve for airline tickets has shifted to the left more than the demand curve has shifted to the left. D) The demand curve and the supply curve for airline tickets have both shifted to the right.
If the prices of both goods and income increase by the same percentage, what will happen to the budget line?
A) The budget line rotates inward from the intercept on the axis of the good that did not change in price. B) The budget line rotates outward from the intercept on the axis of the good that did not change in price. C) The budget line shifts outward without a change in slope. D) Nothing.
The primary way that banks earn money is:
A. through lending funds and collecting interest on those loans. B. through the accumulation of deposits. C. by lending money to the government. D. by the government paying them to regulate the financial system.