Our currency is issued by
A. the United States Treasury.
B. the Federal Reserve.
C. individual commercial banks.
D. the Internal Revenue Service.
B. the Federal Reserve.
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Noise traders involves investors who
A) overreact to good and bad news. B) strictly follow the efficient markets hypothesis. C) filter out the noise involved in following their stocks. D) ignore new information about stocks.
When the income elasticity of demand for a good is negative, the good is called a luxury good
a. True b. False Indicate whether the statement is true or false
Other things constant, if the Fed decreased the discount rate,
a. the earnings of the Fed would increase. b. the incentive of commercial banks to borrow from the Fed would be reduced. c. the prime interest rate would automatically decline. d. commercial banks probably would reduce their excess reserves and be more willing to extend additional loans.
Which of the following restrictions implies that private saving and investment are equal for a closed economy?
a. Consumption and private saving are equal. b. The economy's government is running neither a surplus nor a deficit. c. Private saving and public saving are both zero. d. No restriction is necessary; private saving and investment are equal for all closed economies.