Banks have a maturity mismatch since
A) they borrow long term, but lend short term.
B) they borrow short term, but lend long term.
C) some of their loans are short term while others are long term.
D) some of their borrowings are short term while others are long term.
B
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In order to hire additional laborers, a monopsony must
A) lower the supply of labor. B) raise the wage rate. C) advertise for the labor. D) do nothing.
To realize it's potential, a nation must have a mechanism that channels capital into _____-____ _____
Fill in the blank(s) with the appropriate word(s).
Elasticity is
A. a measure of how much buyers and sellers respond to changes in market conditions. B. the study of how the allocation of resources affects economic well-being. C. the maximum amount that a buyer will pay for a good. D. the value of everything a seller must give up to produce a good.
Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Morocco consume?
A) 60 B) 75 C) 135 D) 200