As wealth decreases, which of the following is likely to account for a smaller fraction of a saver's portfolio?
A) stocks
B) corporate bonds
C) cash
D) U.S. government securities
C
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The portfolios of property and casualty insurance companies are generally concentrated in
A) liquid assets. B) mutual funds. C) primary securities. D) U.S. Treasury bonds.
Figure 13-2 above illustrates an economy with an unstable commodity demand and two possible Fed policies, a constant real money supply or a constant interest. Which policy target promotes a stable economy best?
A) constant money supply, A0 to A1 B) constant money supply, B0 to B1 C) constant interest rate, A0 to A1 D) constant interest rate, B0 to B1
Any amount that a bank chooses to keep on hand beyond what it is required to is called:
A. excess reserves. B. excess deposits. C. federal funds. D. extra holdings.
Refer to the information provided in Figure 4.5 below to answer the question(s) that follow.
Figure 4.5Refer to Figure 4.5. Assume that initially there is free trade. The quantity of CD-Rom drives supplied by U.S. firms will increase by 3 million CD-Rom drives if the United States then imposes ________ tariff per CD-Rom drive on imported CD-Rom drives.
A. no B. a $10 C. a $15 D. a $25