What was the World Bank designed to do?
(a) Serve as a long-term lender
(b) Serve as a short-term lender
(c) Make both short and long-term loans
(d) Make grants-in-aid, but not to be a lending institution
(a)
You might also like to view...
If the Federal Reserve raises the discount rate, banks will be inclined to borrow additional reserves and the money supply will increase
Indicate whether the statement is true or false
Cartel agreements are difficult to maintain because individual members:
a. can gain by raising their price above the price that is best for the cartel. b. are often unable to police the price and output policies of other members. c. can gain by secretly raising their price above the price that is best for the cartel. d. can enforce price arrangements vigorously in court.
The narrowest definition of money:
A. includes the things that can be used in transactions immediately. B. contains only cash and bank reserves held at the Fed. C. is referred to as hard money. D. All of these are true.
The law of increasing additional costs is due to
A) government regulations. B) technological improvements. C) the fact that it is more difficult to use resources efficiently the more society produces. D) the fact that resources are not perfectly adaptable for alternative uses.