A nation that has invested more in the rest of the world than other countries have invested in it is called a
A) net lender.
B) saver nation.
C) creditor nation.
D) debtor nation.
E) net borrower.
C
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According to Keynes, the key difference between money and bonds is that
A) money is an asset. B) bonds are an asset. C) money is less risky. D) bonds are tax exempt.
The above figure shows a graph of the market for pizzas in a large town. If the price falls from $10 to $7 per pizza, the quantity of pizzas demanded will
A) increase by 20. B) decrease by 30. C) increase by 30. D) decrease by 10.
If the demand for videotapes tends to be elastic, then a decrease in videotape prices means that people spend more on videotapes than before
Indicate whether the statement is true or false
People can write checks against
a. demand deposits and money market mutual funds b. demand deposits but not money market mutual funds c. money market mutual funds but not demand deposits d. neither demand deposits nor money market mutual funds