Financial firms whose loans are often $100 or less operate in ________
A) the microcredit market
B) the hedge fund industry
C) the macrofinance market
D) the credit union sector
A
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Which statement is true?
A. The entire expansion from the trough to the peak is the recovery phase. B. The entire contraction from the peak to the trough is the recession phase. C. Recessions never last more than one year. D. Prosperity is the first phase of expansion.
When buying a car from a dealership, to get the best bargain
a. Allow the dealership to make the first offer b. Keep a cushion of bargaining space in the quoted price c. Make a take it or leave it offer d. All of the above
The negative impacts of high income inequality on the society will be less significant if
A. the poor believe that their poverty is a result of choices they made. B. there is a high level of political influence in the working of the income-distribution system. C. those at the bottom of the income distribution believe that the system is rigged in favor of the rich. D. those at the high end of the income distribution are not motivated to hold their positions.
Refer to the scenario above. If the government of India wants to repay a lower sum of money to the U.S., it should:
A) buy both dollars and rupees. B) sell both dollars and rupees. C) buy dollars and sell rupees. D) buy rupees and sell dollars.