Two of the economy's most important financial intermediaries are
a. suppliers of funds and demanders of funds.
b. banks and the bond market.
c. the stock market and the bond market.
d. banks and mutual funds.
d
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Explain the differences between positive economic analysis and normative economic analysis. Which of these approaches do economists generally adhere to and why?
What will be an ideal response?
Under a managed float,
a. a central bank allows the forces of supply and demand to determine the exchange rate b. a nation can have neither a trade deficit nor a trade surplus c. a nation "pegs" its price level to a foreign currency d. a nation "pegs" its price level at some fixed value e. a central bank intervenes in the foreign exchange market to stabilize its exchange rate
A consumer will go to a point on the highest attainable indifference curve
a. True b. False Indicate whether the statement is true or false
Which type of audit involves the task of reviewing documents?
a. financial statement audit b. operational audit c. compliance audit d. integrated audit e. all of these