The chairman of the Board of Governors of the Federal Reserve System is appointed by the Senate and approved by the President
a. True
b. False
B
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Which of the following $1,000 face-value securities has the highest yield to maturity?
A) a 5 percent coupon bond with a price of $600 B) a 5 percent coupon bond with a price of $800 C) a 5 percent coupon bond with a price of $1,000 D) a 5 percent coupon bond with a price of $1,200
In a fractional reserve banking system
A. commercial banks are required to hold savings account in other banks as reserves against their deposits. B. commercial banks are required to hold a certain fraction of their deposits in reserves. C. all deposits must be held in reserves. D. commercial banks hold no deposits in reserve.
Which of the following is the situation in which a nation shifts its international trade from nations outside a regional trade bloc to nations within the bloc?
A) trade diversion B) trade deflection C) trade retention D) protectionism
The median voter model suggests that _____
a. extreme candidates are unlikely to change positions over time b. extreme candidates have an easier time winning election because of the fervor of their supporters c. extreme candidates will have a difficult time winning election d. extreme candidates will be able to move a party's platform to better fit their positions