Which of the following is NOT a financial intermediary?
A. a savings and loan association
B. commercial banks
C. the Internal Revenue Service
D. the Federal Reserve Bank of New York
Answer: C
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Which of the following is an argument in favor of trade liberalization?
(a) Increased investment. (b) Infant industry. (c) Fluctuating export earnings. (d) Increased government revenue.
The Keynesian cause-and-effect sequence predicts that an increase in the money supply will cause interest rates to:
a. fall, boosting investment and shifting the AD curve rightward, leading to an increase in real GDP. b. fall, boosting investment and shifting the AD curve rightward, leading to a decrease in real GDP. c. rise, cutting investment and shifting the AD curve rightward, leading to an increase in real GDP. d. rise, boosting investment and shifting the AD curve rightward, leading to an increase in real GDP. e. fall, cutting investment and shifting the AD curve leftward, leading to a decrease in real GDP.
The quantity of real GDP supplied depends on the # randomize
A. Level of aggregate demand. B. Quantity of capital, bonds, and stocks. C. Quantity of labor, the quantity of capital, and the state of technology D. price level, the unemployment rate, and the quantity of government expenditures on goods and services
U.S. exports are $300 billion, U.S. imports are $500 billion. Which of the following are consistent with the level of net exports?
a. The U.S has a trade surplus. The U.S. purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of U.S. assets. b. The U.S. has a trade surplus. The U.S. purchases $600 billion worth of foreign assets and foreign countries purchase $800 billion worth of U.S. assets. c. The U.S has a trade deficit. The U.S. purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of U.S. assets. d. The U.S. has a trade deficit. The U.S. purchases $600 billion worth of foreign assets and foreign countries purchase $800 billion worth of U.S. asset.