The IMF agreement forced the U.S. to exchange gold for dollars at what price?
A) $25/ ounce
B) $35/ ounce
C) $45/ ounce
D) $55/ ounce
E) $20/ ounce
B
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Which of the following is an example of securitization?
A) a bank bundles a group of mortgage loans and sells the bundle to investors B) an investor sells his shares of stock and uses the proceeds to purchase Treasury bonds C) a household deposits cash in a savings account that is insured by the FDIC D) a government chooses to only purchase Treasury securities from other governments that are financially sound
According to Joseph Schumpeter, many Midwestern railroads:
a. were built too late and thus faced heavy competition from trucks. b. were built ahead of demand. c. were unnecessary because they followed routes already adequately served by other means of transportation. d. would have been built more quickly in the absence of government aid.
The classical theory states that
a. demand is generally greater than supply. b. supply creates its own demand. c. supply is generally greater than demand. d. prices and interest rates are always stable.
If Susan Sneed were "The Person in Charge" of Macroland she told her friends, she would double the money supply to reduce prices so citizens would all be better off. Is her statement a true or false outcome from her proposed policy?
Indicate whether the statement is true or false