Which of the following statements concerning seasonal credit is true?
A) It tends to have a lower interest rate than federal funds.
B) It has become increasingly more important in recent years.
C) Only firms receiving secondary credit are eligible to receive seasonal credit.
D) Improvements in credit markets have reduced the need for a seasonal credit facility.
D
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An open market sale of bonds by the Federal Reserve will lead to an increase of reserves in banks
Indicate whether the statement is true or false
Briefly explain why gross domestic product is not a welfare measure
What will be an ideal response?
A firm sells in a competitive market in which price is $10 . Its marginal cost is 2 + .5Q. Determine the profit-maximizing level of output
"U.S. exports will increase as a result of joined CAFTA," is an example of a ________ statement, while "The U.S. should join CAFTA," is an example of a ________ statement.
A. normative; positive B. monetary policy; fiscal policy C. positive; normative D. structural policy; fiscal policy