Treasury securities with terms as short as one month are known as
A. Treasury loans.
B. Treasury dollars.
C. Treasury bonds.
D. Treasury bills.
Answer: D
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On average, people in the United States spend a smaller percentage of their income on health care than do people in most other countries
Indicate whether the statement is true or false
One reason why, in the last four decades, the number of new auto makers in the world has been very small compared to the past is that
A) governments restrict who can produce automobiles. B) new auto makers cannot obtain necessary inputs to produce new cars. C) new producers cannot match the economies of scale of existing auto makers. D) the automobile cannot be improved upon in any way by new producers.
The International Monetary Fund plays the key role of
A) providing deposit insurance for banks in its member nations. B) acting as lender of last resort for its member countries' central banks. C) providing loans to member countries to help finance development projects. D) enforcing international monetary agreements.
If a firm can segment its market, and the parts cannot communicate among themselves, then
A) arbitrage can occur. B) prices in the segments will tend to be equal over time. C) arbitrage cannot occur. D) the different elasticities will be equal over time.