Investment in a broad portfolio of stocks is most attractive for
a. short-term investors.
b. long-term investors.
c. investors seeking a steady rate of return.
d. investors who will need the funds for other purposes in about 10 years.
B
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Using the table provided above, what can be concluded about the Gini ratio and what does this mean for income equality?
A) The Gini ratio is increasing which means there is greater income inequality. B) The Gini ratio is increasing which means there is greater income equality. C) The Gini ratio is decreasing which means there is greater income equality. D) The Gini ratio is decreasing which means there is greater income inequality.
Members of Congress are able to influence monetary policy, albeit indirectly, through their ability to
A) withhold appropriations from the Board of Governors. B) withhold appropriations from the Federal Open Market Committee. C) propose legislation that would force the Fed to submit budget requests to Congress, as must other government agencies. D) instruct the General Accounting Office to audit the foreign exchange market functions of the Federal Reserve.
Since 1994 the number of people on the welfare rolls has
A. risen substantially. B. risen slightly. C. stayed about the same. D. fallen substantially.
Answer the next question on the basis of the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 10 percent. All figures are in billions.AssetsLiabilities & Net WorthReserves$30 Checkable Deposits$300Loans130 Stock Shares130Securities70 Property200?Refer to the above data. The commercial banking system has excess reserves of:
A. $60 billion. B. $30 billion. C. $70 billion. D. $0.