The term auction facility (TAF) program was instituted by the Federal Reserve to deal with the ________________________. This program gave banks ____________ options when it comes to borrowing from the Fed
A) financial crisis of 2007-2009; more
B) Great Depression; more
C) financial crisis of 2007-2009; fewer
D) Great Depression; fewer
A
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Referring to Table 12.2, if the nominal interest rate is 3.5 percent and there is no inflation, which investments will be undertaken?
A) B, D, E B) D, E C) B, C, D, E D) C, E
In a contestable market the Herfindahl-Hirschman Index is ________ and the market behaves as if it is ________
A) low; perfectly competitive B) low; a monopoly C) high; perfectly competitive D) high; a monopoly
When tariffs are imposed, ______.
a. foreign trade expands, and domestic prices are lower b. import producers benefit, and domestic producers suffer c. gains to producers are offset by losses to consumers d. benefits to consumers make up for producers’ losses
A company currently pays a dividend of $4.00 per share. It expects the growth rate of the dividend to be 3% (0.03) annually. If the interest rate is 6% (0.06) what does the dividend- discount model predict the current price of the stock should be?
A. $ 137.33 B. $103.33 C. $66.67 D. it doesn't, you need an expected future selling price to use the model.