Which of the following items does not provide a store of value?
a. Currency.
b. Checkable deposits.
c. Credit cards.
d. All of these are correct.
c
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Rawls argued that agreement on certain rules from behind a "veil of ignorance" would make those rules optimal
a. True b. False
For the European Central Bank (ECB), the equivalent of the FOMC's target federal funds rate is the:
A. London Inter-Bank Offer Rate. B. European target discount rate. C. European target federal funds rate. D. target refinancing rate.
In the 1950s, a traditional, thirty-year fixed-rate mortgage would typically have been
A. available to the borrower without a down payment and without documentation of income. B. securitized and sold to a consortium of foreign investors. C. held by the original lender or banker until it was paid off. D. all of the options are correct.
Refer to the information provided in Table 24.4 below to answer the question(s) that follow.
Table 24.4
Refer to Table 24.4. At an output level of $1,500 billion, the level of aggregate expenditure is ________ billion.
A. $1,300 B. $1,400 C. $1,500 D. $1,600