Most studies of mineral abundance have assumed that
a. Resources are relatively smoothly distributed in the earth's crust
b. Resources are unevenly distributed in the earth's crust
c. Resource prices will continue to rise in the near future
d. Economically recoverable reserves will decrease in the near future
e. The economic supply of resources will remain fixed
Ans: a. Resources are relatively smoothly distributed in the earth's crust
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The Fed purchases $100 million of U.S. government securities from First National Bank. The balance sheet for First National Bank shows ________ in its total assets and ________ in its total liabilities
A) no change; no change B) a $100 million increase; a $100 million increase C) a $100 million decrease; a $100 million increase D) a $100 million increase; no change E) a $100 million increase; a $100 million decrease
Holding everything else constant, the U.S. real exchange rate with Thailand will increase if the dollar depreciates
Indicate whether the statement is true or false
An insurance company holding a single-home mortgage should be most concerned about the mortgage's __________ risk
A) default B) prepayment C) price fluctuation D) collateral
Firms can acquire access to savings directly ________
A) by issuing securities B) through the payment of taxes to the federal government C) by borrowing from banks D) through the depositing of funds in depository institutions