All of the following are potential benefits of defined contribution plans EXCEPT:
A) clear ownership rights to the balances of their 401Ks
B) lower risk for employees
C) if the employee's investments are profitable, the employee can have high income during retirement
D) contributions to traditional 401Ks are tax deductible
B
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In the long run, the real interest rate is 3 percent, real GDP grows at 4 percent, velocity is constant, and the quantity of money grows at 8 percent. The nominal interest rate is
A) 7 percent. B) 12 percent. C) 10 percent. D) 8 percent. E) 6 percent.
Measuring the sensitivity of bank profits to changes in interest rates by multiplying the gap for several maturity subintervals times the change in the interest rate is called
A) basic gap analysis. B) the maturity bucket approach to gap analysis. C) the segmented maturity approach to gap analysis. D) the segmented maturity approach to interest-exposure analysis.
Political candidates running for the same office tend to voice
A) the same views on how things should be accomplished so that one candidate does not gain an advantage over the other. B) the same views on how things should be accomplished, simply because there usually is no difference between their views. C) quite different views on how things should be accomplished so that voters will see that one approach is better than another. D) the same views on what things should be accomplished, but not speak specifically on how things should be accomplished.
The situation where marketers introduce products that are not designed to sell, but are designed to manipulate consumers into choosing a similar, but superior product is known as:
A. the decoy effect. B. the anchoring effect. C. bundling. D. mental accounting.