The interest rate banks charge each other on loans of reserves is called the
A) required reserve rate.
B) discount rate.
C) real interest rate.
D) coupon rate.
E) federal funds rate.
E
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If, at the current interest rate, the quantity of loanable funds supplied is less than the quantity of loanable funds demanded, then
A) the supply of loanable funds curve shifts leftward and the real interest rate rises. B) the real interest rate falls. C) the supply of loanable funds curve shifts leftward and the real interest rate falls. D) the real interest rate rises. E) the supply of loanable funds curve shifts rightward and the real interest rate rises.
Refer to Table 15-2. What is the amount of profit that the firm earns?
A) $34.50 B) $42 C) $47 D) $49
Positive economics seeks to:
A. determine what government economic policies are best. B. objectively explain how societies value different economic outcomes. C. determine the most appropriate economic goals for society. D. objectively explain how the economy functions.
The cross-price elasticity of demand between good X and good Y is -3. Given this information, which of the following statements is true?
A. The demand for goods X and Y is elastic. B. Goods X and Y are complements. C. Goods X and Y are substitutes. D. The demand for goods X and Y is income elastic.