Under the Coinage Act of 1792:
a. gold coins contained more metal than silver coins of the same denomination.
b. silver coins contained more metal than gold coins of the same denomination.
c. gold coins contained about the same amount of metal as silver coins of the same denomination.
d. gold coins were minted only in high denominations and silver coins were minted only in low denominations.
b. silver coins contained more metal than gold coins of the same denomination.
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Which of the following statements is true?
A. The ECB's success in controlling reserves by paying interest on them has led the Fed to do the same. B. The Fed's redesign of its procedures for lending to banks was the model for the ECB's marginal lending facility. C. The ECB's marginal lending facility was the model for the Fed's redesign of its procedures for lending to banks. D. The ECB's weekly auctions include only a few of the largest banks in Europe.
The number of hours worked per year by Americans is
A. less than other industrialized countries. B. declining very rapidly. C. 360 hours more than German workers. D. 400 less than Japanese workers.
An inefficient provider will have difficulty competing with efficient rivals.
a. true b. false
Adverse selection refers to the
A. possibility that the borrower may engage in riskier behavior after the loan is obtained. B. use of statistical discrimination in making loans. C. possession of information by one party in a financial transaction not known by the other party. D. likelihood that a potential borrower may use the funds that he receives for unworthy, high risk projects.