An increase in the prices of ________ goods is unlikely to put downward pressure on a currency's nominal exchange rate
A) parity
B) nontradable
C) identical
D) relative
B
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An increase the expected future price of a good
A) increases its demand. B) decreases its demand. C) increases its supply. D) has no effect on either its demand or its supply.
An asset's liquidity depends upon
A) the absolute size of its value and how long it takes to sell the asset at market value. B) how long it takes to sell the asset at market value and the costs of selling the asset. C) the costs of selling the asset and the fraction of its value that can be obtained if it is sold immediately. D) the fraction of its value that can be obtained if it is sold immediately and the absolute size of its value.
Suppose you own a proprietorship that is in serious financial difficulty. The assets of the company are $100,000 . but liabilities are $175,000 . You also have, however, stock in General Motors worth $200,000 . If you file bankruptcy, what amount of personal assets do you stand to lose?
a. $100,000 b. $75,000 c. $200,000 d. $275,000 e. $375,000
Which of the following types of financial institutions is required to belong to the Federal Reserve System?
a. National banks. b. State-chartered banks. c. Savings and loan institutions. d. Credit unions.