The interest rate changes that result from the FOMC meetings:
A. can only be altered during a time of crisis by the U.S. President.
B. cannot be changed by anyone other than the FOMC.
C. can be altered only by Congress.
D. can be altered by the Secretary of the Treasury during an economic crisis.
Answer: B
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A market in which the money of one nation is exchanged for the money of another nation is a ________.
A. foreign exchange market B. resource market C. stock market D. bond market
Free goods are usually efficiently allocated without government intervention
a. True b. False Indicate whether the statement is true or false
Which of the following best expresses the future value of $100 left in a savings account earning 3.5% for three and a half years?
A. $100(1.035)3.5 B. $100 × 3.5 × (1.035) C. $100(0.35)3.5 D. $100(1.035)3/2
Rolando realizes that whenever he studies for at least two hours immediately before a physics exam, he gets an A on the exam, but when he does not study immediately before an exam, he gets no higher than a C on the exam. He concludes that the time spent studying immediately before the exams is responsible for his improved grades. Rolando is
A. probably misguided in that there is no apparent correlation or causation in this situation. B. very probably correct in his conclusion that the time spent studying immediately before his exams is a reason for his improved grades. C. likely correct that there is causation, but the causation is more likely running in the opposite direction in that the improved exam grades forced him to study immediately before each test. D. definitely confusing correlation with causation.