When investment banks buy or sell securities on their own account, it's called
A) financial engineering.
B) proprietary trading.
C) underwriting.
D) factoring.
B
You might also like to view...
On October 6, 1979, the Federal Reserve abandoned the strategy of targeting the Federal funds rate and focused on target ranges for growth in the monetary aggregates. Since that time, the Federal Reserve
a. has never deviated from that strategy. b. gave up on interest rate targeting. c. deviated from target ranges for growth in the monetary aggregates when inflation and unemployment were high. d. None of the above
If you withdraw $500 from your savings account and deposit it in your checking account, then M1 will change by _____ and M2 will change by _____
Fill in the blank(s) with correct word
The ________ lag for fiscal policy requires changes in congressional-approved spending and tax programs.
A. recognition B. response C. implementation D. reorganization
________ in the money supply creates excess demand for ________, causing interest rates to ________, everything else held constant
A) An increase; money; rise B) An increase; bonds; fall C) A decrease; bonds; rise D) A decrease; money; fall