Truth-in-lending laws require that _____.
(A) Banks lend each other funds using the federal funds rate.
(B) Bank holding companies offer the same interest rates at all of their member banks.
(C) Sellers provide full and accurate information about loan terms.
(D) Banks allow Federal Reserve examiners to audit their financial activities.
Ans: (C) Sellers provide full and accurate information about loan terms.
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There are three leading manufacturers of smart phones in Techland. Their products are considered to be perfect substitutes
a) Will these firms earn zero economic profits in the long run? Explain your answer. b) What can the firms do to earn maximum profit?
Some argue that a nation should not depend too heavily on other countries for supplies of certain key products, special materials, or technologies that might have ______________ applications.
a. general b. scientific c. national security d. international
Suppose a student writes a check in the amount of $300 to the college bookstore for textbooks. Discuss briefly the impact on the student's balance sheet, his/her bank's balance sheet and the balance sheet of the Fed.
What will be an ideal response?
The parameters estimated using econometric methods are generally used for _____ or _____.
a. testing hypotheses; predicting b. validation; repudiation c. confirming; denying effects of policy d. generating data; probability distributions