Which of the following is not one of the key services provided by the financial system?
A) risk sharing B) liquidity
C) decreasing taxes D) generating information
C
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If the interest rate is 8 percent, $54 next year is worth __________ today
a. $62 b. $50.68 c. $50 d. $62 e. $4.32
Refer to Figure 6-19. Suppose a tax of $2 per unit is imposed on this market. How much will buyers pay per unit after the tax is imposed?
a. $3
b. Between $3 and $5
c. Between $5 and $7
d. $7
Public debt held by foreigners is known as
a. international debt b. external debt c. tariffs d. custom duties e. debentures
In the above figure, if the price level is 110
A. total expenditures exceed total planned expenditures. B. total planned production equals total expenditures. C. total planned production exceeds total expenditures. D. total planned production is less than total expenditures.