The most prominent secondary financial market is
A) the New York Stock Exchange.
B) the American Stock Exchange.
C) the Nasdaq.
D) the over-the-counter market.
A
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Inflation is a tax because as the government ________ the quantity of money, the price level ________, and the purchasing power of households' money ________
A) does not change; rises; increases B) increases; rises; increases C) decreases; falls; decreases D) increases; rises; decreases E) decreases; rises; decreases
The figure above shows the market for private elementary school education in Chicago. There is no external cost of private elementary education. If the government does not intervene in this market, the deadweight loss equals
A) 0. B) $800,000. C) $1,600,000. D) more than $1,600,000. E) more than $800,000 and less than $1,600,000.
Suppose that for Mali, the marginal utility of a steak sandwich is 40 utils, and the marginal utility of a chicken parmesan sandwich is 30 utils. The price of steak sandwich is $6.00. The price of a chicken parmesan sandwich is $4.50. What can you conclude from this information?
a. Mali will be more inclined to purchase a steak sandwich. b. Mali will be more inclined to purchase a chicken parmesan sandwich. c. Mali is in consumer equilibrium regarding steak and chicken parmesan sandwiches. d. Mali cannot rationally decide which sandwich to buy.
For a major country with extensive capital flows, what is the effect of an increase in interest rates?
a. There will be an inflow of capital, a currency depreciation, and increased net exports. b. There will be an inflow of capital, a currency depreciation, and reduced net exports. c. There will be an outflow of capital, a currency depreciation, and increased net exports. d. There will be an inflow of capital, a currency appreciation, and reduced net exports.