As of 2012, mortgage-backed securities made up approximately what portion of securities held by a bank?
A) 5%
B) 20%
C) 50%
D) 70%
A
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If the Federal Reserve conducts open market ________, the money supply ________, shifting the LM curve to the right, everything else held constant
A) purchases; decreases B) sales; decreases C) purchases; increases D) sales; increases
Given the scenario described, if the market price of hammers increased from $9 to $13:
Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. A. House Depot's producer surplus would increase by $4. B. Lace Hardware Hardware's producer surplus would increase by $3. C. Bob's Hardware's producer surplus would remain unchanged. D. All of these statements are true.
An entrepreneur's motivation to start a business arises from
a. an innate love for the type of business that he or she starts. b. a desire to earn a profit. c. an altruistic desire to provide the world with a good product. d. All of the above could be correct.
Credit cards are
A. included in M1 but not M2. B. included in M1 and M2. C. included in M2 but not M1. D. not included in any measure of the money supply.