Par value is the
A. Increase in the market value of an asset.
B. Amount to be repaid when the bond is due.
C. Rate of interest to be paid on a bond.
D. Same as the risk premium on a bond.
Answer: B
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The figure illustrates the market for pens. The equilibrium quantity is
A) between 400 and 600 pens, but it is impossible to be precise. B) 5 pens a month. C) 2 pens a month. D) 500 pens a month.
The process of indirect finance using financial intermediaries is called
A) direct lending. B) financial intermediation. C) resource allocation. D) financial liquidation.
Why do markets exist?
a) Markets ensure that government does not intervene in the production of goods and services b) Markets provide self-sufficent people with public places for the exchange of ideas c) Markets ensure economic equity for all people d) Markets allow people to buy what they need to consume and sell the specialized goods and services they produce
Checkable deposits are:
A. included in M1. B. not included in either Ml or M2. C. considered to be a near money. D. also called time deposits.