Which of the following is not an example of a liquid asset?
(A) A checking account
(B) Cash
(C) A certificate of deposit
(D) Travelers' checks
Answer: (C) A certificate of deposit
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Using the information in Table 6.2, the percent increase in prices over the two year period from 2014 to 2016 is approximately
A) 26 percent. B) 31 percent. C) 38 percent. D) 98 percent.
Suppose that the basket of goods purchased by the typical consumer costs $188.80 this year and it cost $160 in the base year. The CPI in the base year would be
A) 85.11. B) 100.0. C) 118.0. D) 348.8.
A country that is running a current account deficit will have:
a. zero net exports. b. zero investments. c. negative net investments. d. positive net exports. e. negative net exports.
Internationally, recessions
a) are likely to begin in the smallest economies and spread to larger ones b) are isolated events, uncorrelated across countries c) in one region mean that world demand has shifted elsewhere, so other countries do not fall prey to downturns at the same time d) are especially contagious among trade partners e) are most pronounced among Socialist countries