The practice of lending very small amounts of money, without collateral, and accepting small savings deposits is known as
A. capital flight.
B. microfinance.
C. a stabilization program.
D. debt rescheduling.
Answer: B
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In the United States, the most commonly cited measure of the price level is the consumer price index
Indicate whether the statement is true or false
In 2013, Ozzie purchased a 2010 Ford Escort from his neighbor for his son, purchased a 2009 "one owner" Camry from Larchmont Toyota for his wife, bought a 2013 new Ford for himself, and sold his 2002 Dodge Caravan to his teenage nephew
Which, if any, of these transactions will be included in GDP in 2013? A) all four transactions B) all three purchases but not the sale C) the purchase of the Ford and the Caravan D) only the purchase of the Ford
If the firm in the figure above is unregulated, it will make an economic profit of
A) zero. B) -$240. C) $100. D) $400.
Mutual funds ________
A) accept deposits and issue loans B) sell shares and buy financial instruments C) are a special type of commercial bank D) issue policies and receive premiums