In 2007 ROA for banks in the United States stood at a little under __________ percent
A) one
B) five
C) eight
D) twenty
A
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A price ceiling set above the equilibrium price of a good will result in a shortage.
Indicate whether the statement is true or false
The Federal Reserve ________
A) engages in stabilization policy by setting interest rates B) engages in fiscal policy by setting interest rates C) addresses financial crises by raising taxes D) all of the above E) none of the above
In order to build a table, a furniture company buys $50 worth of wood from a lumber company and $20 worth of hardware from a metal products firm. If the value added by the furniture company is $200, what price would the table sell for according to the value added approach to GDP?
a. $130 b. $150 c. $180 d. $200 e. $270
A ____ is a type of derivative in which the seller promises to pay the buyer of a particular security the value of that security if it goes into default
a. credit default swap b. derivative c. mortgage backed security d. futures contract