Official lending and investing are usually done by
A. governments or multilateral institutions.
B. private individuals when purchasing government bonds.
C. commercial banks.
D. multinational enterprises.
Answer: A
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Which of the following would not appear on the asset side of a commercial bank balance sheet?
a. Reserves. b. Checkable deposits. c. Loans. d. Securities.
Which of the following is an explanation for why some poor countries suffer from lower productivity growth?
a. Too much saving has lead to the accumulation of capital in poor countries. b. The adoption of technology too quickly hurts the labor force in poor countries. c. Primary education is universal in poor countries. d. Poor countries have lower capital stocks.
Gross national product (GNP) of the United States is the market value of all final goods and services
A) produced within the United States. B) consumed within the United States. C) produced by citizens of the United States anywhere in the world. D) consumed by citizens of the United States anywhere in the world.
The following are examples of final goods in national income accounting, except:
A. Lumber and steel beams purchased by a construction company B. Tractor purchased by a construction company C. Laptop computer purchased by an executive for personal use D. Desktop computer purchased by an executive for business use