The reduction of brokerage commissions for trading common stocks that occurred in 1975 caused the demand for bonds to ________ and the demand curve to shift to the ________
A) fall; right
B) fall, left
C) rise; right
D) rise; left
B
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The exchange rate is:
A. the rate at which banks can borrow from the Fed. B. the slope of the investment function. C. the price at which one currency trades for another currency. D. the rate at which one can translate money into consumption goods.
Prices of money market instruments undergo the least price fluctuations because of
A) the short terms to maturity for the securities. B) the heavy regulations in the industry. C) the price ceiling imposed by government regulators. D) the lack of competition in the market.
The Keynesian region of the aggregate supply curve is:
a. horizontal. b. downward-sloping. c. upward-sloping. d. vertical. e. a 45-degree line.
Which of the following is an example of trade policy at the regional level?
a. Congress passing legislation to prevent dumping. b. The European Union adopting a common currency c. The World Trade Organization holding a round of negotiations in France. d. The General Agreement on Tariffs and Trade being made.