The ability to quickly convert an asset into cash is
A) disintermediation.
B) the standard of deferred payment.
C) financial intermediation.
D) liquidity.
D
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The net present value of a project is calculated as
A) the future value of all cash inflows minus the present value of all outflows. B) the sum of all cash inflows minus the sum of all cash outflows. C) the present value of all cash inflows minus the present value of all cash outflows. D) None of the above
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
To decrease the nation's money supply, the Fed can:
A. increase reserve requirements. B. decrease the discount rate. C. decrease reserve requirements. D. buy government securities in the open market.
A production or consumption quota that can be bought or sold is called:
A. a buyers' or sellers' quota. B. a tax. C. a tradable allowance. D. a subsidy.