Which of the following directs open market operations?
a. Board of Governors
b. Federal Reserve Banks
c. Federal Open Market Committee
d. Federal Advisory Council
e. Treasury Department
C
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In the equation S = Y - C, in order to interpret Y as disposable income, it is necessary to interpret S as ________ saving
A) private B) national C) government D) business
Suppose a firm wanted to go out of business. The firm sells all its assets and pays off everything it owes to creditors. The stockholders would receive
A) nothing. B) their annual dividend payment. C) one half of the funds; the other half of the funds goes to bondholders. D) the rest of the funds, after everyone who has a claim against the firm is paid.
A challenge faced by middle-income countries in ___________ the standard of living is a legacy of government economic controls.
a. improving b. decreasing c. maintaining d. controlling
The principal of a loan is the:
A. set of rules and conditions borrowers agree to when taking out a loan. B. original amount of the loan. C. set of rules and conditions savers agree to when agreeing to let someone borrow their money. D. original amount that people want to borrow.