In the U.S., society makes decisions on the direction of government policies and the provision and financing of public goods through a process that relies heavily on:
A. Unanimous voting
B. General voting
C. Universal voting
D. Majority voting
C. Universal voting
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List three different types of financial markets and discuss the type of financial instruments traded in the markets
What will be an ideal response?
Since crowd funding sites do not themselves invest in business start ups that raise funds on their sites, they don't reduce:
A) the principal-agent problem B) information costs C) transaction costs D) asymmetric information
If a 10-year Treasury bond pays 1.5% and a 10-year corporate bond pays 6.0%, what is the interest rate spread on this particular corporate bond?
a. 4.0% b. 4.5% c. 7.5% d. 9.0%
International capital flows in an open economy have the effect of
A. reducing the power of monetary policy. B. increasing the power of monetary policy. C. increasing the power of monetary policy in an expansion and reducing it in a contraction. D. reducing the power of monetary policy in an expansion and increasing it in a contraction.