Credit cards are
A) money but are not a large part of the money supply.
B) not money.
C) money and are the largest part of the money supply.
D) not money because they are not made of paper.
B
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A country has a comparative advantage in the production of a good if its opportunity cost is lower compared to another country
Indicate whether the statement is true or false
What are the common characteristics of developing countries?
What will be an ideal response?
A sale of securities by the Fed causes
A) a contraction of the money supply equal to the amount of the securities sold. B) an expansion of the money supply equal to the amount of the securities sold. C) a multiple expansion of the money supply greater than the amount of the securities sold. D) a multiple contraction of the money supply greater than the amount of the securities sold.
You have a portfolio valued at $1,000. Over the next twelve months it loses 75% of its value. What return does the portfolio need to earn over the following twelve months to restore the portfolio to its original value?
A. 200% B. 300% C. 75% D. 25%