An insurance company is an example of a financial institution that:
A. transfers risk.
B. acts as a broker.
C. sells derivative securities.
D. serves as a depository institution.
Answer: A
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Which of the following regions had the most impressive growth rate between 1960 and 2011?
A) India B) East Asia C) Latin America D) Sub-Saharan Africa
Suppose there are currently 100 people unemployed, 1500 people employed, 1600 people in the labor force, and 2000 people in the working age population. The unemployment rate equals 100 times
A) 100/1500. B) 100/1600. C) 100/2000. D) 1500/2000.
Which of the following must be included in the calculation of GDP?
a. The sale of a used car to an auto dealer b. Bartering lawn care services for car washes c. A father staying at home to attend to his child d. The sale of an illegal cable box e. Payment made for a SAT preparation class
Holding $10 in your pocket to purchase a piping hot pizza illustrates the
A) speculative demand for money. B) transfer demand for money. C) precautionary demand for money. D) transactions demand for money.