Which of the following acts required that financial derivatives be traded in established, regulated markets?
A. Glass-Steagall Banking Act
B. Gramm-Leach-Bliley Financial Services Modernization Act
C. Dodd-Frank Wall Street Reform and Consumer Protection Act
D. Celler-Kefauver Financial Reform Act
Answer: C
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Suppose that the one-year forward price of euros in terms of dollars is equal to $1.113 per euro. Further, assume that the spot exchange rate is $1.05 per euro, and the interest rate on dollar deposits is 10 percent and on euro it is 4 percent
Under these assumptions A) interest parity does not hold. B) interest parity does hold. C) it is hard to tell whether interest parity does or does not hold. D) Not enough information is given to answer the question. E) interest parity fluctuates.
Each of the following is an example of capital, except
A. an office building. B. gold. C. an assembly line. D. a computer system.
We would expect that a fall in labor supply will have a proportionately smaller effect on the market wage rate when
A) workers can easily be replaced by capital goods. B) the product produced in the industry has very few substitutes. C) the product is produced in a perfectly competitive industry. D) labor represents a relatively small portion of total costs.
A decrease in the interest rate will cause a(n):
A. Increase in the transactions demand for money B. Decrease in the transactions demand for money C. Decrease in the amount of money held as an asset D. Increase in the amount of money held as an asset