What are money market mutual funds?
Money market mutual funds are interest-earning accounts provided by brokers who pool funds into investments such as Treasury bills. These funds are invested in short-term securities, and depositors are allowed to write checks against their accounts subject to certain limitations. They are highly liquid assets and as such are considered as near money.
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The official settlements account contains data on
A) trade complaints that are officially settled. B) capital imports and exports. C) official reserves. D) officials' expenses. E) official governmental complaints between countries.
Mark started taking guitar lessons when all his cousins started playing guitar. This is an example of ________
A) peer effect B) moral hazard C) adverse selection D) a pecuniary externality
Refer to Figure 13-1. Ceteris paribus, a decrease in the value of the domestic currency relative to foreign currencies would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
Rising productivity usually reduces workers' standards of living
a. True b. False Indicate whether the statement is true or false