Had there been no coverage of the Irish and Spanish bonds by the larger banks, ________.
A. there would have been more funds for Irish and Spanish banks to lend to their customers
B. there would have been no housing bubbles in Ireland and Spain
C. there would have been no deficit implosions in Ireland and Spain
D. there would have been more tax evasions by individuals in Ireland and Spain
Answer: B
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A. reduce asset prices. B. reduce the government budget deficit. C. generate additional tax revenue. D. prevent the collapse of large financial institutions.
Under what conditions might a monopoly be more efficient than a perfectly competitive firm?
What will be an ideal response?
In order to maintain a fixed exchange rate:
A. a country cannot change its money supply. B. a country must constantly increase its money supply. C. a country must constantly decrease its money supply. D. Maintaining a fixed exchange rate is unrelated to the money supply.
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