A Roth IRA differs from a traditional IRA in that
A. the Roth IRA allows for savings towards retirement.
B. the Roth IRA is phased out at certain income levels.
C. the Roth IRA is not tax deductible at the time it is deposited.
D. all of these answer options are correct.
C. the Roth IRA is not tax deductible at the time it is deposited.
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Which of the following institutions is not subject to Federal Reserve's reserve requirements?
A) A state-chartered commercial bank B) A savings and loan association C) A money market mutual fund D) A credit union
Under a flexible exchange rate system, a decrease in the value of a domestic currency in terms of foreign currencies is referred to as
A) an appreciation. B) a depreciation. C) a devaluation. D) a revaluation.
Why might asymmetric information contribute to the problem of a market failure?
What will be an ideal response?
The buying and selling of foreign currency by the central bank is a trade policy whose objective is:
A. reducing purchases of assets abroad. B. stabilizing the exchange rate against external shocks. C. stabilizing the interest rate against foreign capital outflows. D. promoting long term economic growth.