A well-run bank assumes that all borrowers will repay their loans on time, irrespective of the condition of the economy
a. True
b. False
Indicate whether the statement is true or false
False
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The capital and financial account is the record of
A) the nation's imports and exports of capital goods. B) foreign investment in the nation minus the nation's investment abroad. C) a nation's international trading, borrowing, and lending. D) changes in the government's holdings of foreign currency. E) payments for imports, receipts for exports, net interest, and net transfers.
Stock markets in England were started in the late:
A. Seventeenth century. B. Eighteenth century. C. Sixteenth century. D. Nineteenth century.
The monetarists placed the blame for the economic instability of recent decades on
A. the President and Congress. B. the Federal Reserve. C. the American people. D. foreign investors.
An increase in the price of a product will reduce the amount of it purchased because:
A. supply curves are upsloping. B. the higher price means that real incomes have risen. C. consumers will substitute other products for the one whose price has risen. D. consumers substitute relatively high-priced for relatively low-priced products.