Which of the following is the best example of a broad money?
A. a Treasury bond
B. a valuable painting
C. a money market account
D. all of the above
Answer: C
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Other things the same, a decrease in the U.S. interest rate
a. induces firms to invest more. b. shifts money demand to the left. c. makes the U.S. dollar appreciate. d. increases the opportunity cost of holding dollars.
What is the social cost of a monopoly? Explain.
What will be an ideal response?
The most common measure of productivity shocks is known as
A. the Prescott productivity parameter. B. the Solow residual. C. the Kydland factor. D. the Lucas supply curve.
Which of the following is a tool the Federal Reserve System can use to regulate the quantity of money? i. changing the discount rate ii. conducting open market operations iii. changing the required reserve ratio
A) i only B) ii only C) ii and iii D) i and ii E) i, ii, and iii