In 2008, as a result of a run on government-sponsored enterprise debt, the U.S. Treasury placed fannies me and Freddie Mac in:
A. bankruptcy.
B. receivership.
C. conservatorship.
D. trusteeship.
Answer: C
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If the Fed buys a $100,000 government security from a bank when the desired reserve ratio is 10 percent and the currency drain ratio is 50 percent, the bank can loan a maximum of
A) $90,000. B) $100,000. C) $60,000. D) $40,000. E) $50,000.
Which of the following is an example of a carrying cost of holding an inventory?
A) the delivery charges for an order B) the cost of storage C) the cost of the paperwork necessary to pay for each order D) the managerial time spent creating an order for inventory
______ has to do with the extent to which the actions of the representatives are in line with the interests of the people.
A. Retrospective voting B. Ideological congruence C. Clarity of responsibility D. Confessionalism
The money demand curve slopes _____
Fill in the blank(s) with the appropriate word(s).