Financial crises seldom involve economic downturns
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is not true with respect to money market mutual funds?
A) They allow small savers to pool their funds to buy a diversified portfolio of money market instruments. B) They often include securities such as Treasury bills, Treasury bonds, commercial paper, and negotiable CDs. C) They charge a small management fee. D) Most funds offer limited withdrawal by check.
_______________is a type of cost-benefit decision making that compares the extra benefits to the extra cost of an action.
Fill in the blank(s) with the appropriate word(s).
If a 10% decrease in the price of a good leads to a 20% increase in the quantity demanded, then what is the price elasticity of demand?
A. ½. B. 2. C. 20. D. 10.
The value of money or income in terms of the quantity of goods the money can buy is called its:
A. real value. B. marginal value. C. nominal value. D. implicit value.