The difference between the nominal interest rate and the rate of inflation is:
a. the prime rate
b. the real interest rate.
c. the discount rate.
d. coupon rate.
b
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During the colonial period, "enumerated goods" included
a. tobacco. b. sugar. c. indigo. d. cotton. e. All of the above.
One of the difficulties in implementing monetary policy is the time it takes:
A. to pass new monetary policy once the Fed has decided action is needed. B. monetary policy to have an effect in the economy once enacted. C. to enact monetary policy once the Fed has decided action is needed. D. to get approval from the Congress to implement the policy.
The proportion of the adult population that is employed is the:
A. Unemployment rate. B. Employment rate. C. GDP per capita. D. Productivity rate.
The velocity of money is:
A. the number of transactions a typical dollar is used in during a given period. B. how quickly money is created through the financial system. C. how quickly money will be accepted as a medium of exchange in a given period. D. the number of goods a typical dollar can buy in a given period.