As of 2012, what portion of bank assets were owned by the five largest bank holding companies?
A) 10%
B) 25%
C) 50%
D) 80%
C
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During a severe and persistent recession, Keynesians would most likely propose
A. a tight money policy. B. annually balanced federal budgets. C. macroeconomic stabilization. D. tax increases.
A Gini coefficient of ________ means that one family has all the income and everyone else has nothing.
A. 0 B. 1 C. 100 D. infinity
Which of the following is a FALSE statement about the International Monetary Fund (IMF)?
A) The IMF was created after the Bretton Woods Conference to help to maintain the international fixed exchange rate system that was introduced. B) The IMF lends to national governments, initially to maintain the fixed exchange rate system, and today to deal with debt or currency crises. C) Multinational corporations can get IMF loans if they agree to invest in economies that are internationally perceived as risky and otherwise unlikely to receive direct foreign investment. D) One of the criticisms of the IMF and other international governmental organizations that deal with the global economy is that their decision making may be biased toward policies that favor industrialized nations.
Refer to Scenario 9.7 below to answer the question(s) that follow. SCENARIO 9.7: Julio borrowed $80,000 from his great aunt to open a coffee stand at a local flea market. He agrees to pay his great aunt a 5% yearly return on the money she lent him. His other yearly fixed costs equal $16,000. His variable costs equal $60,000. He sold 50,000 cups of coffee during the year at a price of $3.00 per cup.Refer to Scenario 9.7. Julio's total costs equal
A. $20,000. B. $40,000. C. $60,000. D. $80,000.