In 2011, Standard & Poor's (S&P) changed its rating on U.S. Treasury bonds from ________ based on the state of the federal government's budget deficit
A) "A" to "D" B) "AAA" to "AA+" C) "A+" to "B+" D) "A" to "AAA"
B
You might also like to view...
Luxury goods have income elasticity:
A) of less than zero. B) between zero and one. C) equal to one. D) greater than one.
Which of the following is NOT a primary center of foreign-exchange trading?
A) New York B) London C) Munich D) Tokyo
What would happen to the planned investment function if business taxes were increased?
A) It would shift to the right. B) It would shift to the left. C) It would shift upward. D) There would be no change.
Under the Bretton Woods Agreement, the goal of the IMF was to
A) finance international transactions in gold. B) lend to countries experiencing balance of payment deficits. C) help less developed countries advertise their goods in the developed countries. D) provide oversight to the functioning of central banks in the member countries.