The sole mission of the European Central Bank at the time of its creation was
A. to increase saving.
B. to control inflation.
C. to reduce long-term interest rates.
D. to boost employment.
Answer: B
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United States coins and currency are backed by
A) silver. B) gold. C) reserves of foreign currencies. D) confidence that they will retain their value.
When there is a shift in autonomous expenditure, why is there a multiple expansion of income and real GDP? Trace the multiplier effect through the first four rounds when there is an increase in autonomous expenditure of $40 billion and the marginal propensity to consume is 0.75
Which of the following is not true regarding bonds? a. Bonds can be purchased from corporations as well as governments
b. Interest must be paid to bondholders before dividends are paid to stockholders. c. Bondholders face no risk from changing market interest rates on bonds that have a fixed interest rate. d. The capital gains on bonds are generally more limited than the capital gains on stocks.
In order for spot checks to be effective, they must be:
A. rarely if ever done. B. partaken twice daily. C. performed at regular intervals. D. random in nature.