A bond's price is $80 and the bond pays $8 in interest every year. The bond's interest rate is ________
A) 80 percent
B) 10 percent
C) 4 percent
D) 8 percent
E) None of the above are correct.
B
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The Board of Governors of the Federal Reserve System does NOT
A) consist of seven members with fourteen-year terms. B) include the presidents of the twelve Federal Reserve Banks. C) utilize a system of rotations so that a position comes open every two years. D) consist of members whose appointments have been approved by the Senate.
In the above figure, a trough is at point ________ and a peak is at point ________
A) a; b B) b; c C) b; a D) d; c
Which of the following is not a potential source of comparative advantage for China in the manufacturing sector?
A) Abundant low wage, low skill workers B) A large domestic market that can lead to scale economies C) Coastal areas with good logistics for international trade D) Abundant credit from China's government sector to set up manufacturing operations
Which of the following statements is true?
a. The Federal Reserve System was established by the U.S. Constitution b. The Federal Reserve System was established immediately after the Civil War. c. The Federal Reserve System was established in 1913. d. The Federal Reserve System was established during the Great Depression. e. The Federal Reserve System was established immediately following World War II.