The table below shows how quantities of gold demanded and supplied will vary with the price in the market for gold. When the market for gold is in equilibrium, which of the following will be true?
a. The price of gold will be $200 per ounce.
b. The quantity of gold exchanged per day will be 15,000 ounces.
c. Both A and B.
d. The price of gold will be $250.
e. The price of gold will be $300.
d. The price of gold will be $250.
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Because banks are act as dealers in financial instruments such as bonds, foreign currency and derivatives, they are exposed to
A) credit risk. B) liquidity risk. C) trading risk. D) interest risk.
An example of a public policy response to a monopoly is:
A. public admonishment. B. encouraging mergers. C. antitrust laws. D. All of these are examples.
Nudges are meant to:
A. change the incentives of choices offered in order to alter behavior. B. limit the choices available in order to affect people's behavior. C. control people's behavior on the basis of the goals of government. D. affect people's behavior while allowing them to retain free choice.
An export subsidy raises the domestic price of the product.
Answer the following statement true (T) or false (F)