The term "depository institution" refers to
A. credit unions only.
B. commercial banks only.
C. savings and loan associations only.
D. commercial banks, credit unions, and savings and loan associations.
Answer: D
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A consumer's real disposable income equals
A) wage income plus consumption expenditures. B) wage income plus profit income minus taxes. C) total income minus profit income minus taxes. D) total income minus wage income minus taxes.
If something is a unit of account, then it:
a. serves as a yardstick for measuring the relative value of other goods b. is a means of holding wealth for the future c. is fairly stable d. is durable and portable e. is accepted as payment for any purchase
Trade in services such as information technology
A) is like other trade, it creates winners and losers, but the gains for national economies likely outweigh the costs. B) creates gains for India's economy, but national welfare losses for the countries that import these services. C) make it highly likely that information technology jobs will ultimately disappear in the industrialized countries. D) is not perceived as threatening by industrialized countries so is unlikely to lead to any protectionist sentiment or pressures in the way the manufacturing does.
An option premium is
A) paid by the short to the long as soon as the option is purchased. B) paid by the long to the short as soon as the option is purchased. C) paid by the long to the short when the option is exercised. D) paid by the short to the long when the option is exercised.