Which of the following would be considered a transaction deposit?
A) passbook savings account B) checking account
C) 401(k) retirement account D) credit card account
B
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Without usury laws, banks will
A) charge very high interest rates to all borrowers. B) charge higher interest rates to riskier borrowers than to safer borrowers. C) charge very low interest rates to all borrowers. D) face no demand for loans.
According to game theorists, a cartel of several firms is an example of a(n)
A) zero-sum game. B) uncooperative game. C) cooperative game. D) noncooperative game.
GLS is consistent and BLUE if
A) X is predetermined. B) the error process is AR(1). C) X is strictly exogenous. D) all the roots are inside the unit circle.
If the random walk theory is correct, then is there any way to "beat the market"?
What will be an ideal response?