The yield to maturity for a discount bond is ________ related to the current bond price
A) negatively
B) positively
C) not
D) directly
A
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In order to have an effect, a price ceiling must be set ________
A) above the equilibrium price B) equal to the equilibrium price C) below the equilibrium price D) by suppliers
Suppose a bank has $3 million in excess reserves and total reserves of $10 million. A required reserve ratio of 10% is applicable to all deposits at the bank. What is the total amount of deposits at the bank?
a. $10 million b. $300 million c. $40 million d. $100 million e. $70 million
A negative slope
A. indicates that there is no relationship between two variables, such as women's wages and likelihood of sunshine. B. represents an inverse relationship, such as beers consumed and test score. C. means that the line crosses below the x-axis. D. represents a direct relationship, such as snow fall and car accidents.
The price of labor in the agricultural industry has just increased. For agricultural products, this will lead to
A) an increase in price and a decrease in quantity. B) an increase in price and an increase in quantity. C) a decrease in price and a decrease in quantity. D) a decrease in price and an increase in quantity.