The total amount of outstanding IOUs a nation is obligated to repay other nations and international organizations is called
a. current account
b. balance of payments
c. international trade
d. international debt
e. capital account
D
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Suppose $X is the present value of $Y to be received next year. If you have $X and let it earn interest at r percent annually, how much money do you expect to have after one year?
a. $Y b. $Y/(1 + r) c. $Y(1 + r) d. $X/(1 + r) e. $X/r
Securitization is the:
a. Process of originating, bundling, packaging, and selling mortgage-backed securities to investors. b.The process of originating loans and making sure they are secure. c. The process of unbundling, storing, and then selling mortgages securities to investors. d. The process of underwriting loans with an "originate-to-hold" strategy. e. The process of underwriting loans with an "originate-to-distribute" strategy.
An example of a price that changes only infrequently is the price of
a. stocks on the New York Stock Exchange. b. crude oil. c. residential real estate. d. magazines sold at newsstands.
The discount rate is the interest
A. rate at which the central banks lend to the United States Treasury. B. rate at which the Federal Reserve Banks lend to commercial banks and thrift institutions. C. yield on long-term government bonds. D. rate at which commercial banks and thrifts lend to the public.