Which of the following is an interest rate determined by the supply and demand for loans among commercial banks?
A) The discount rate
B) The federal funds rate
C) The prime rate
D) The commercial paper rate
B
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Country A has twice as many workers as Country B. Country A also has twice as much physical capital, twice as much human capital, and access to twice as many natural resources as Country B. Assuming constant-returns to scale, which of the following is higher in Country A?
a. both output per worker and productivity b. output per worker but not productivity c. productivity but not output per worker d. neither productivity nor output per worker
In this graph for negative externalities in production, what is true at Q1?
a. The firm would be better off if production was lowered.
b. Society would be better off if production was lowered.
c. Marginal benefits are greater than marginal costs.
d. Marginal benefits are less than marginal costs.
An individual faces two alternatives for an investment. Asset 'A' has the following probability of return schedule:Probability of returnReturn (Yield) %.2515.0.2012.0.2010.0.159.0.107.5.100.0Asset 'B' has a certain return of 10.25%. If this individual selects asset 'A' does it imply she is risk averse? Explain.
What will be an ideal response?
A legal limit on the quantity of a good that may be imported is called a(n) ________.
A. trade limit B. import tax C. tariff D. quota