________ markets transfer funds from people who have an excess of available funds to people who have a shortage
A) Commodity
B) Fund-available
C) Financial
D) Derivative exchange
C
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Suppose the price of gasoline in July 2004 averaged $1.35 a gallon and 15 million gallons a day were sold. In October 2004, the price averaged $2.15 a gallon and 14 million gallons were sold
If the demand for gasoline did not shift between these two months, use the midpoint formula to calculate the price elasticity of demand. Indicate whether demand was elastic or inelastic.
Which of the following will cause an increase in the demand for the Venezuelan currency, the Venezuelan bolivar?
A) real interest rates in Venezuela fall B) U.S. residents change preferences in favor of goods produced in the United States C) real interest rates in the United States increase D) none of the above
In the short run, the aggregate supply curve:
A. slopes upward. B. slopes downward. C. is perfectly elastic. D. is perfectly inelastic.
Government always makes individuals better off when it removes them from a prisoner's dilemma setting
Indicate whether the statement is true or false