The function of financial intermediaries is to transfer purchasing power from
A. Consumers to savers.
B. Dissavers to savers.
C. Dissavers to consumers.
D. Savers to dissavers.
Answer: D
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In the above figure, the efficient amount of output is ________ units
A) 25 B) 50 C) 75 D) 100
The gross domestic product of a nation measures:
a. the amount of goods and services exported by the nation. b. the amount of goods and services imported by the nation. c. total expenditures by the nation's government d. the size of the nation's economy.
Assume that the central bank increases the reserve requirement. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). b. The quantity of real loanable funds per time period rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). c. The quantity of real loanable funds per time period falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). d. The quantity of real loanable funds per time period and net nonreserve-related international borrowing/lending remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
GDP underestimates our economic well-being:
A. because it includes the value of work done by illegal immigrants. B. because it includes the value of work done by nannies. C. because it ignores leisure. D. because it includes the value of work done by householders.