The IMF mostly receives its funds from:
a. the subscription fees paid by the member nations.
b. selling of bonds.
c. the loans given by the World Bank.
d. the central banks of the major industrialized nations.
e. the gold reserves available with the Fed.
a
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If an individual's opportunity cost of commute is $300 per month and his monthly commuting time is 60 hours, his opportunity cost of time is:
A) $10 per hour. B) $5 per hour. C) $30 per hour. D) $60 per hour.
Suppose that at some point the spot exchange rate is equal to 100 yen per one U.S. dollar, while the interest rate in dollars is 6% and the interest rate in yen is 1%. What is the approximate forward rate that is consistent with this situation?
A) 95.3 yen per dollar B) 105 yen per dollar C) 107 yen per dollar D) 92 yen per dollar
In general, if the Fed increases its target for the federal funds rate,
A) short-term nominal interest rates will increase and long-term nominal interest rates will not change. B) short-term nominal interest rates will not change and long-term nominal interest rates increase. C) short-term nominal interest rates will increase and long-term nominal interest rates will also increase. D) short-term nominal interest rates will not change and long-term nominal interest rates will also not change.
The more bidders there are at an oral auction,
a. the higher the expected selling price b. the higher each bidder bids c. the longer that each bidder will continue to bid d. the less each bidder will shade his bid