The rate at which one currency can be traded for another is called the:
A. terms of trade.
B. transfer rate.
C. exchange rate.
D. coupon rate.
Answer: C
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The commercial banking system has excess reserves of $200,000. Then new loans of $800,000 are subsequently made, and the system ends up just meeting its reserve requirements. The required reserve ratio must be
A. 30%. B. 10%. C. 25%. D. 20%.
Compared with a perfectly competitive market with similar cost conditions, a monopolist will have:
a. a higher output and a lower price. b. a lower output and a lower price. c. a higher output and a lower price. d. a lower output and a higher price. e. equal output and a higher price.
Which of the following is a series of rules that stops trading on an exchange for a relatively short period of time?
a. program trading b. market limits c. stop orders d. circuit breakers
When the money market is drawn with the value of money on the vertical axis, an increase in the money supply causes the equilibrium value of money
a. and equilibrium quantity of money to increase. b. and equilibrium quantity of money to decrease. c. to increase, while the equilibrium quantity of money decreases. d. to decrease, while the equilibrium quantity of money increases.