In the list of assets below, which is the most liquid?
A) $500 worth of Ford Motors common stock
B) $500 worth of Ford Motors bonds
C) a $500 traveler's check
D) a one-ounce gold coin
C
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Factors that led to worsening financial market conditions in East Asia in 1997-1998 include
A) weak supervision by bank regulators. B) a rise in interest rates abroad. C) unanticipated increases in the price level. D) increased uncertainty from political shocks.
Consider an economy with an adult population of 100, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The labor force participation rate is _____
a. 100 percent b. 60 percent c. 50 percent d. 40 percent e. 10 percent
Some of the systematic mistakes that people make include
a. being overconfident. b. placing too much weight on events that are more vivid compared to those with greater statistical probability. c. being generally unwilling to change their minds. d. All of the above are correct.
Upward mobility for those in poverty is
A. Not likely to happen at all because most people live in a caste system. B. More likely for people in rich nations than in poor nations. C. Equally likely for people in rich nations and poor nations. D. More likely for people in poor nations than in rich nations.