The Dodd-Frank bill created an agency to monitor markets for asset price bubbles and the buildup of systemic risk. This agency is called the
A) Resolution Trust Authority.
B) Board of Governors.
C) Financial Stability Oversight Council.
D) Macroprudential Supervisory Agency.
C
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If total domestic savings exceeds domestic investment, then the country will:
a. run a trade surplus. b. borrow from abroad. c. have to float its exchange rate. d. a and b.
At one time, most compact trucks (like the Toyota Tacoma) were imported under the classification "cab and chassis with some final assembly needed." These were classified as ___________ with a tariff of ______.
a. complete or unfinished trucks; 4% b. complete or unfinished trucks; 25% c. parts of trucks; 25% d. parts of trucks; 4%
Global imbalances may be reduced by a reduction in excess savings.
Answer the following statement(s) true (T) or false (F)
The average tariff rate of the United States in the 1930s was about ________ of the value of their imports.
A. 1.6 percent B. 7.4 percent C. 59 percent D. 100 percent