The SMarT program is designed to overcome which common barrier to saving?
A. Status-quo bias
B. An unwillingness to forgo current consumption
C. The program was designed to overcome both A and B.
D. The program was designed to overcome neither A nor B.
Answer: C
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Which one of the following would benefit financially from unanticipated inflation?
A) a borrower whose loan has a fixed nominal interest rate B) a borrower with an adjustable rate mortgage C) a bank that has made loans at a fixed nominal interest rate D) a firm whose workers are covered by a COLA agreement
Barriers to entry into oligopoly industries can be the result of patents, ownership of key resources, large start up costs, or pronounced economies of scale
a. True b. False Indicate whether the statement is true or false
Big-push development strategies rely primarily on _________ for their financing
a. government b. domestic private investment c. foreign private investment d. foreign aid e. ex-colonial centers
The sharp increase in the excess reserves held by the commercial banking system since the second half of 2008 increases the potential for
a. a sharp contraction in the money supply, which is likely to increase the length and severity of the recession. b. a rapid increase in the money supply, potentially leading to inflation. c. a gradual increase in the money supply, following the trend of the previous decade. d. a reduction in the ability of banks to extend additional loans.