Open market operations directly change the rate of interest at which banks can borrow funds from the Fed
a. True
b. False
Indicate whether the statement is true or false
False
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Financial intermediation is best defined as the process by which
A) corporations issue new stock. B) liabilities are liquidated. C) financial institutions accept savings from savers and make loans to investors. D) inflation is controlled.
Oligopolistic industries are characterized by:
A. a few dominant firms and substantial entry barriers. B. a few dominant firms and no barriers to entry. C. a large number of firms and low entry barriers. D. a few dominant firms and low entry barriers.
The advent of the Internet in the second half of the 1990s has brought the stock market industry close to a state of ________________.
Fill in the blank(s) with the appropriate word(s).
Governments require immunizations of school children and offer immunization shots for free to low income people because:
A. parents are often negligent of the health of their children. B. immunizations are private goods with external benefits. C. immunizations are very costly. D. All of these