A U.S. company uses U.K. pounds it already owned to purchase bonds issued by a company in the U.K. Which of these countries has an increase in net capital outflow?
a. The U.S. and the U.K.
b. The U.S. but not the U.K.
c. The U.K. but not the U.S.
d. Neither the U.S. nor the U.K.
d
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Who appoints the Federal Reserve System's Board of Governors?
A) the Secretary of the Treasury B) the President of the United States C) the Speaker of the House of Representatives D) the American Banking Association
Unlike recent events in England, the United States has no recent history of bank failures
a. True b. False Indicate whether the statement is true or false
Which of the following is most likely to be associated with a strong union?
a. The demand for the products produced by the unionized labor is highly elastic. b. There are few good substitutes for the products produced by the unionized labor. c. It is easy to substitute capital for the labor of the union members. d. Union labor composes a large proportion of the total cost of the product that they help produce.
Vote trading in order to pass legislation is commonly called _____
Fill in the blank(s) with the appropriate word(s).