Which of the following are reasons that banks are so heavily regulated?
a. Governments are concerned about the safety of deposits.
b. The industry is a principal determinant of aggregate demand.
c. Bank failures are contagious.
d. All of the above are correct.
d
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Price discrimination that tends to lessen competition is outlawed by the:
a. Sherman Antitrust Act. b. Clayton Act. c. Federal Trade Commission Act. d. Interstate Commerce Act.
If price rises, what happens to quantity supplied of a product?
a. It increases. b. It decreases. c. It does not change. d. Quantity supplied is constant, but supply increases.
Which of the following statements about real and nominal interest rates is correct?
a. Real interest rates can be either positive or negative, but nominal interest rates must be positive. b. Real interest rates and nominal interest rates must be positive. c. Real interest rates must be positive, but nominal interest rates can be either positive or negative. d. Real interest rates and nominal interest rates can be either positive or negative.
At which interest rate is the present value of $183.60 two years from today equal to about $173.06 today?
a. 2 percent b. 3 percent c. 4 percent d. 5 percent