Which of the following statements about bid-ask rates is correct?
a. The bid rate and the ask rate are the rates the bank offers you in exchange for another currency.
b. The bid rate and the ask rate are the rates the bank asks you for in exchange for another currency.
c. The bid rate is the rate the bank offers you and the ask rate is the rate the bank asks you for in exchange for another currency.
d. The bid rate is the rate the bank asks you for and the ask rate is the rate the bank offers you in exchange for another currency.
.C
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The structural deficit is
A) the difference between the actual deficit and the natural employment deficit and it increases whenever income rises. B) identical to the natural employment deficit and it decreases whenever tax rates are cut. C) identical to the natural employment deficit and it increases whenever the natural level of output increases. D) identical to the natural employment deficit and it decreases whenever the natural level of output increases.
A reduction in the federal funds rate could be caused by:
A. higher than expected loan demand. B. higher than expected withdrawals. C. higher than expected bank reserves. D. lower than expected bank deposits.
If elasticity of demand is 10, a 1% increase in price will lower quantity demanded by
A. .1%. B. 1%. C. 10%. D. 100%.
Recall the Application about how to wash carbon out of the air to answer the following question(s).This Application deals with the problem of ________ emissions in the atmosphere.
A. fracking B. smog C. carbon D. None of these