Financial intermediaries that are collected pools of funds from many investors are called:
a. mutual funds.
b. banks
c. credit unions.
d. stockbrokers.
a
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What is the effect of a decrease in the price of potato chips on the market for pretzels?
a. Both equilibrium price and equilibrium quantity rise. b. Both equilibrium price and equilibrium quantity fall. c. Equilibrium price rises and equilibrium quantity falls. d. Equilibrium price falls and equilibrium quantity rises. e. Equilibrium price and equilibrium quantity remain unchanged.
The accounting profits for a firm are 20% of output, and the opportunity cost of financial capital is 8% of output. Given this information, what are the firm’s economic profits?
a. 6% of output b. 10% of output c. 12% of output d. 8% of output
If both the MU and MC of flower pots is $1.50 and the MU and MC of coffee cups is $2, then economic efficiency would require
a. increased production of flower pots. b. increased production of coffee cups. c. the price of coffee cups to exceed the price of flower pots. d. the price of flower pots to exceed the price of coffee cups.
As the marginal propensity to consume (MPC) decreases, the spending multiplier
a. increases. b. decreases. c. remains constant. d. becomes indefinable.