A(n) _____ is a limit on the amount of a specific product that can enter a country
a. quota
b. tariff
c. boycott
d. exchange control
ANSWER: a
A quota is a limit on the amount of a specific product that can enter a country. Several U.S. companies have sought quotas as a means of protection from foreign competition.
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Banks that need additional funds to meet the reserve requirements of the Federal Reserve:
A. borrow from the state government of the state where their headquarters are located. B. borrow from banks with excess reserves. C. issue treasury bills to investors. D. decrease the coupon interest rate on the bonds issued to raise funds. E. exercise the call option on the loans extended to small businesses.
Which of the following would be considered an example of a currency swap?
A) exchanging a dollar interest obligation for a British pound obligation B) exchanging a eurodollar interest obligation for a dollar obligation C) exchanging a eurodollar interest obligation for a British pound obligation D) All of the above are examples of a currency swap.
This type of auto insurance pays for damage you may cause to another person's property, but does NOT pay for damage to your own car.
A. collision coverage B. uninsured motorist coverage C. property damage liability coverage D. bodily injury liability coverage
Positive consequences that motivate behavior are referred to as
A) benefactors. B) regulators. C) reinforcers. D) effectors. E) sanctions.