A financial contract in which a bank agrees to sell the expected future returns from an underlying bank loan to a third party is referred to as:
A) loan sale
B) loan commitment
C) credit rationing
D) microlending
A
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An increase in the liquidity of corporate bonds, other things being equal, shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds shifts to the ________
A) right; right B) right; left C) left; left D) left; right
______ is a fixed-weight index that is based on a consumption bundle actually purchased in the base year.
A. A Lespeyres price index B. Compensating variation C. Real income D. The inflation rate
A recessionary gap is usually closed in the long run by a(n) _____
Fill in the blank(s) with the appropriate word(s).
Refer to the following payoff matrix:Player 1Player 2??Low QHigh Q?Low Q$50,$5$15,$30?High Q$40,$2$2,$1Suppose the simultaneous-move game depicted in the payoff matrix could be turned into a sequential-move game with player 1 moving first. In this case, the equilibrium payoffs will be:
A. ($50, $5). B. ($40, $2). C. ($20, $1). D. ($15, $30).