The countries that have made the least use of securities markets are ________ and ________; in these two countries finance from financial intermediaries has been almost ten times greater than that from securities markets

A) Germany; Japan
B) Germany; Great Britain
C) Great Britain; Canada
D) Canada; Japan


A

Economics

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Under the National Banking Acts of 1863 and 1864, the U.S. monetary system

(a) experienced drastic changes. (b) played a role in helping the Union finance the Civil War. (c) permitted, for the first time, the federal government to charter banks. (d) protected the rights of states to be the only entities to charter banks.

Economics

Which of the following is CORRECT?

a. If a nation changes its money supply, it disrupts the long-run PPP equilibrium, which causes traders to purchase in the cheaper markets and sell in the pricier markets, which, in turn, causes demand for the domestic currency (vis-a-vis the international currency) to be lower. b. The peg changes the long-run expectation of exchange rates, and this is a determinant of short-run rates which, in turn, affect deposit rates of return. c. The Federal Reserve has complete control of monetary policy; it is independent of political control, so,in the United States at least, monetary policy can coexist with an exchange rate peg. d. Pegging its own currency causes a nation to lose political control, and it is then forced to sell its own resources at world prices

Economics

Suppose the best investment you could make with $100,000 in cash is to purchase a government bond that pays 5 percent interest per year. If you decide to invest the money in your own business instead of buying the government bond, the opportunity cost of this financial capital is

A. $50,000 per year. B. $500 per year. C. $5,000 per year. D. zero, because you already had the $100,000.

Economics

A large tax cut in the United States should lead to an increase in the trade deficit.

Answer the following statement true (T) or false (F)

Economics