Portfolio investment can generally travel across borders quickly because it usually involves:
A. transfers between two bank accounts.
B. the shipment of equipment from one place to another.
C. the hiring or firing of foreign workers.
D. two governments agreeing on trade.
A. transfers between two bank accounts.
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An increase in inflationary expectations __________ interest rate
A) raises the natural B) raises the nominal C) lowers the natural D) lowers the nominal
Which of the following is NOT a type of demand for holding money?
A) transactions demand B) precautionary demand C) asset demand D) qualitative demand
Colonial production of tobacco satisfied England's mercantilist interests because:
a. it provided a substitute for imported Spanish tobacco. b. its poor quality discouraged English youth from smoking. c. it provided a good that could be taxed by the English. d. it ensured that the colonists would remain dependent on England for food.
Which of the following is a way in which Social Security benefits could be cut?
A. An increase in the rate of inflation B. A smaller penalty for early retirement C. An increase in the payroll tax rate D. A higher retirement age