In the history of banking, warehouse receipts refer to receipts
A) that goldsmiths once issued acknowledging that they held a customer's gold.
B) for storing furniture in a warehouse.
C) goldsmiths issued to each other when they borrowed gold.
D) for storing food and other perishables in a warehouse.
A
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The inflation rate is the
A) difference between the current period CPI and the base period CPI. B) percentage change in the composition of the CPI market basket from the base year to the next year. C) difference in the price level from one year to the next multiplied by 100. D) difference between the base period CPI and the current period CPI. E) percentage change in the CPI from one year to the next year.
Suppose the real money demand function is Md/P = 2400 + 0.2Y - 10,000 (r + ?e). Assume M = 5000, P = 2.0, and ?e = .03. If Y were to increase from 4000 to 5000, then the real interest rate would increase by how many percentage points?
A) 2 B) 4 C) 5 D) 7
As long as wages and prices are flexible, an anticipated change in the money supply will lead to an increase in
A) the unemployment rate. B) industrial production. C) nominal income. D) real wages.
An unexpected fall in Capacity Utilization should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down