Although rarely used, which of the following is an instrument the Fed has to conduct monetary policy?
A. The tax on unearned income
B. The discount rate
C. The corporate income tax
D. The interest rate on Treasury bonds
Answer: B
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Which of the following is a stock?
A. Saving B. Income C. Wealth D. Consumption
Unscrupulous managers have learned ways to manipulate stock options and undermine their benefits to stockholders. Discuss some provisions that could be built into the process to curb such practices.
What will be an ideal response?
Calculate cumulative losses or gains if you buy (long) 4corn futures contracts @ $5.96/bushel one day and settlement prices will be at $5.50/bushel corn on the later day you evaluate your position. Initial and maintenance margins for corn are $2,700 and $2,000 per contract. Compute gains or losses and then compare your computed number to the following possible answers.
A. A loss of $9,200. B. A gain of $9,200. C. A gain of $10,800. D. A loss of $10,800.
Behavioral economists believe in modifying the assumption that people are rational and follow their own self-interest.
Answer the following statement true (T) or false (F)