When the Fed sells a security to a financial firm and the Fed agrees to buy back the security the next day, the transaction is known as
A) a repurchase agreement.
B) a reverse repurchase agreement.
C) an open market flip-flop.
D) a federal funds swap.
Answer: B
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Which of the following is the best example of a public good?
a. Apples. b. Cars. c. Education. d. National defense.
The theory of efficiency wages suggests that
a. above-equilibrium wages increase worker productivity. b. workers with higher levels of education earn more than workers with lower levels of education. c. workers signal their high ability to potential employers by completing formal years of schooling. d. union workers earn more than nonunion workers.
The tightening of credit standards after the Great Recession
A. was more than countered by an opposite trend in regulation, so growth was robust. B. should have been a source of growth but wasn't. C. was a significant reason behind the slowing of economic growth during that period. D. was entirely countered by an opposite trend in regulation, so it was nearly zero.
Which type of property would be the most likely to experience pollution?
A) common property B) private property C) property held in partnership D) corporate property