Which of the following is NOT considered a function of money?
A) It facilitates exchange.
B) It acts as a means of payment.
C) It can be held and exchanged for future goods and services.
D) It allows banks to lend out funds.
D
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Demand elasticity equals quantity times price.
Answer the following statement true (T) or false (F)
________ in the foreign interest rate causes the demand for domestic assets to ________ and the domestic currency to appreciate, everything else held constant
A) An increase; increase B) An increase; decrease C) A decrease; increase D) A decrease; decrease
Under the new discount window system, the interest rate for primary credit loans is set
A) one percentage point below the federal funds rate target. B) one percentage point above the federal funds rate target. C) two percentage points above the federal funds rate target. D) two percentage points below the federal funds rate target.
When future events cannot be assigned probabilities, we are talking about
A) risk. B) uncertainty. C) a clouded future. D) financial risk.