If the price of gold becomes less volatile, then, other things equal, the demand for stocks will ________ and the demand for antiques will ________
A) increase; increase
B) increase; decrease
C) decrease; decrease
D) decrease; increase
C
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It is generally agreed that
A) the financial system would be more efficient if intermediaries were eliminated. B) small- and medium-sized firms benefit by the actions of intermediaries. C) the addition of intermediaries adds to transactions costs. D) intermediaries should not seek to profit from reducing transactions costs.
Only Federal Reserve banks can issue paper currency in the United States, and their power to do so is virtually unlimited
a. True b. False Indicate whether the statement is true or false
If the money supply is $350 and PQ is $1,400, according to the quantity theory of money, the velocity of money is
a. 35.0. b. 7.5. c. 4.0. d. 0.25.
At which interest rate is the present value of $35.00 two years from today equal to about $30.00 today?
a. 5 percent b. 6 percent c. 7 percent d. 8 percent