If a trader is short in the cash market, she has the capability to deliver a commodity
a. true
b. false
Ans: b. false
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________ emphasized that animal spirits affect GDP
A) Adam Smith B) Milton Friedman C) David Ricardo D) John Maynard Keynes
In practice, the Federal Reserve keeps the discount rate close to the ________ rate in order to avoid large swings in borrowed reserves by banks
A) inflation B) prime C) six-month Treasury bill D) federal funds
An exchange rate that has an officially fixed value less than than its fundamental or market equilibrium value is called a(n) ________ exchange rate.
A. devalued B. undervalued C. depreciated D. overvalued
In a closed economy, national savings is:
A. equal to national investment. B. the sum of the savings of individuals and corporations plus the savings of the government. C. the sum of public savings plus private savings. D. All of these are true.