The World Bank is
A. the official name of the International Monetary Fund.
B. composed of five separate institutions.
C. the central bank of the United Nations.
D. composed of large private banks among developed nations.
Answer: B
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Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in demand are represented by a movement from
A) point c to point a. B) point d to point a. C) point d to point b. D) point b to point c.
The Reserve Bank of Glassen is the apex banking institution in the country of Glassen. Money supply in Glassen will increase when:
a. the Reserve Bank of Glassen buys bonds from commercial banks
b. the Reserve Bank of Glassen raises the required reserve ratio for commercial banks.
c. the Reserve Bank of Glassen sells government bonds to commercial banks.
d. the Reserve Bank of Glassen raises the discount rate for commercial banks.
e. the Reserve Bank of Glassen prints new checks.
Econometric models of the U.S. economy generally agree
A) on the quantitative impact of monetary policy over a horizon of several years. B) that an increase in money growth will increase output in the short run. C) that an increase in money growth will decrease output in the short run. D) that an increase in money growth will decrease output in the long run. E) that "rational expectations" is the best way to generate policy forecasts.
The price of a good that Joe is currently consuming has increased.
A. Joe will experience increasing marginal utility. B. Joe will experience a shift in the demand curve of the good whose price has increased. C. Joe will stop consuming this good. D. Joe has experienced a decrease in purchasing power.