The largest International Monetary Fund quota subscription, denominated in Special Drawing Rights, is held by
A) the United States.
B) Japan.
C) China.
D) Russia.
A
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Due in part to record low interest rates on U.S. Treasury Bonds,
A) investors searching for higher yields bought corporate bonds B) interest rates on corporate bonds rose C) corporations faced higher borrowing costs D) many corporations were at greater risk of defaulting
If the average total costs is falling,
a. the marginal cost curve must be above the average total cost curve. b. the marginal cost curve must be below the average total cost curve. c. the MC curve is rising. d. the MC curve is horizontal (neither rising nor falling).
If we compare budget constraint A to budget constraint B in the graph shown, what can be said of the relative prices reflected in the two?
This graph shows three different budget constraints: A, B, and C.
A. Because A is steeper, soda is relatively less expensive in A than in budget constraint B.
B. Because B is steeper, soda is relatively less expensive in A than in budget constraint B.
C. Because B is flatter, soda is relatively more expensive in A than in budget constraint B.
D. Because A is flatter, soda is relatively more expensive in A than in budget constraint B.
The transactions demand for money exists because:
a. people want to maintain a speculative cash reserve. b. people are insensitive to interest rate fluctuations and prefer to hoard money. c. people want to be prepared for unplanned emergency expenditures. d. people prefer cash over bank deposits. e. people do not receive their income at the same time they spend it.