The Federal Reserve Bank was modeled after the European Central Bank
a. True
b. False
Indicate whether the statement is true or false
False
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"If the official settlements balance is zero, a current account surplus must equal the capital account deficit." Is the previous statement correct or incorrect? Briefly explain your answer
What will be an ideal response?
How does a decrease in government budget deficits affect the equilibrium interest rate in the loanable funds model?
A) Interest rate increases. B) Interest rate decreases. C) Interest rate stays the same. D) Interest rate first increases and then decreases back to the original level.
By subsidizing the provision of public education, the government
A) generates an increase in the quantity of educational services demanded. B) pushes the per-unit price that consumers pay for educational services below the market clearing price. C) pushes the per-unit price that producers of educational services receive above the market clearing price. D) All of the above
Suppose you decide to set up your fishing enterprise as a corporation. The first thing you need to do is
a. issue stock b. determine dividend levels c. become a stockholder d. obtain a charter from your state government e. notify insurers of your liability