Game theory:
A. is more flexible than the standard supply/demand model.
B. replaces the standard supply/demand model.
C. replaces the monopoly model.
D. is more restrictive than the standard supply/demand model.
Answer: A
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When the Fed sells bonds on a mass scale
A) bonds go to the Fed, and dollars go into the banking system, so the money supply tends to rise. B) bonds go to the Fed, and dollars exit the banking system, so the money supply tends to fall. C) banks have fewer bonds and more dollars, so the money supply tends to rise. D) banks have more bonds and fewer dollars, so the money supply tends to fall.
The legislation that separated investment banking from commercial banking until its repeal in 1999 is known as the
A) National Bank Act of 1863. B) Federal Reserve Act of 1913. C) Glass-Steagall Act. D) McFadden Act.
A positive economic statement concerns
a. an opinion on an economic issue that should be taken b. an economic activity that has a positive effect on the economy c. a statement of fact d. a macroeconomic issue or position e. a microeconomic issue or position
For which of the following types of firms is the buying and selling of stocks and bonds not a primary function?
A. securities firms B. investment banks C. mutual fund companies D. thrifts