Banks, savings and loans associations, and credit unions that are able to loan out some fraction of their deposits are
a. examples of financial intermediaries
b. all required to be FDIC members
c. always the most risky investors
d. part of the Federal Reserve System
e. disallowed from charging interest on their deposits but can charge interest on their loans
A
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As one moves down a straight-line demand curve, the elasticity increases
a. True b. False Indicate whether the statement is true or false
Monetary policy directed at expanding GDP growth would include the following?
A. Selling bonds and increasing the discount rate B. Buying bonds and increasing the discount rate C. Decreasing the discount rate and increasing the reserve requirement D. Decreasing the discount rate and buying bonds
An increase in both supply and demand causes which of the following?
A. Equilibrium price falls. B. Equilibrium price rises. C. Equilibrium price change is indeterminate. D. Equilibrium quantity change is indeterminate.
If the market basket of goods and services that the Commerce Department uses to calculate the CPI were to decline from $30,000 in the base year to $15,000 in the current year, the current year's CPI would be
A. 300. B. 150. C. 100. D. 50. E. 0.