The most widely used medium of exchange in the United States in terms of value of transactions is
A) checkable deposits.
B) credit cards.
C) currency and coin.
D) Federal Reserve notes.
A
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Alpha is a developed economy with a growth rate of 2%. Omega is a developing economy with a growth rate of 8%. Assuming these growth rates remain constant, we would predict ________.
A. Alpha will always have a higher per capita real GDP than Omega, but the gap between them will shrink B. Omega's per capita real GDP will eventually catch up to Alpha's C. Alpha will always have a higher per capita real GDP than Omega D. Alpha will always have a higher per capita real GDP than Omega and the gap will continue to widen
When a financial intermediary purchases a nontraded claim of either a business or an individual, its main concern is with
A) interest rate risk. B) credit risk. C) reinvestment rate risk. D) None of the above.
Which of the following countries has experienced the worst hyperinflation since 2005?
a. Brazil b. Russia c. China d. Zimbabwe
Suppose the cost of milk rose 100 percent from 1990 to 2010, and average prices for the economy rose 133 percent. Relative to others, people who purchased milk experienced a:
A. Lower real income as a result of the price effect. B. Higher real income as a result of the price effect. C. Lower real income as a result of the wealth effect. D. Higher real income as a result of the income effect.