The federal agency that regulates the New York Stock Exchange is the
a. Securities and Exchange Commission
b. Department of Justice
c. Department of Commerce
d. Federal Reserve Board
e. Department of the Treasury
A
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The Board of Governors of the Federal Reserve System consists of
A) 7 members appointed by Congress and 7 appointed by the President. B) the presidents of each regional Federal Reserve bank. C) 12 members appointed by Congress. D) 7 members appointed by the President of the United States.
Given that most banks have positive gap and negative durations, banks prefer
A) lower market interest rates. B) higher market interest rates. C) higher market fixed rates but lower market floating rates. D) either higher or lower market interest rates since interest rates have little effect on bank profits.
Which of the following is not included in the rules of the game?
a. The laws, customs, conventions, and other institutional elements associated with trade b. Property rights c. Ensuring that the market process generates a fair price for all d. A stable political environment e. A stable legal system
Which of the following offers the best example of an external cost?
a. The opportunity cost of money that an entrepreneur has invested in her business b. The payments to owners of labor resources and coal inputs used by a coal-burning electric generating facility c. The price paid by households for electricity service, including both the electricity itself and the cost of transporting the electricity through power lines d. The harms to private property, open-access resources, and human health caused by pollution byproducts of electricity production