Under the gold standard,
A. each nation had discretion over its monetary policy.
B. trade-deficit nations had less control over their money supply than trade-surplus nations.
C. trade-surplus nations had less control over their money supply than trade-deficit nations.
D. no nation had control over its domestic monetary policy.
Answer: D
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Which of the following accept deposits from or sell shares to the general public? i. money market funds ii. thrift institutions iii. commercial banks
A) i only B) ii only C) iii only D) Both ii and iii E) i, ii, and iii
When young students are hungry, they can be disruptive and inattentive in class. Thus, providing lunch to students has external benefits. The figure above represents the market for school lunches before and after government vouchers are issued
a. What is the unregulated private market equilibrium? b. What is the efficient quantity of lunches? c. What is the amount of the voucher necessary to move the economy to the efficient number of lunches? d. When vouchers are used, what is the dollar price of the lunch that suppliers receive and what is the dollar price that consumers pay when the voucher is used?
Which of the following is most risky at a time of fluctuating interest rates?
A) Commercial paper B) U.S. Treasury bill C) Corporate bond D) Large negotiable bank CD
To attract more bidders, and more aggressive bidders, to your common-value auction
a. withhold relevant information about the value of the object b. allow bidders to know how others are bidding c. do not allow potential bidders to examine the object too closely d. do not hold oral auctions