In which of the following U.S. cities is one of the 12 Federal Reserve District Banks located?
A. New Orleans
B. Denver
C. Miami
D. San Francisco
Answer: D
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Assume that the following are the predicted inflation rates in these countries for the year: 2% for the United States, 3% for Canada; 4% for Mexico, and 5% for Brazil
According to the purchasing power parity and everything else held constant, which of the following would we expect to happen? A) The Brazilian real will depreciate against the U.S. dollar. B) The Mexican peso will depreciate against the Brazilian real. C) The Canadian dollar will depreciate against the Mexican peso. D) The U.S. dollar will depreciate against the Canadian dollar.
Suppose an individual sells $500 worth of securities to the Fed and puts the proceeds of this sale under his mattress. Then,
A) the money supply will be unaffected. B) the money supply will rise by $500. C) the supply of high-powered money will rise by $500 but nothing will happen to the money supply. D) demand deposits will rise by some multiple of $500, depending on the bank reserve-holding ratio.
If autonomous investment spending falls as a result of a decline in the expected rate of return on investment, GDP would not have to fall if the government __________ taxes or __________ government spending
A) increased; increased B) increased; decreased C) decreased; increased D) decreased; decreased
Clipper ships
a. allowed for profitable shipping on both short and long journeys. b. dominated Atlantic trade by 1850. c. were among the first ships to have iron hulls. d. earned huge profits transporting passengers and cargo during the gold rushes to California and Australia. e. All of the above.