Which one of the following is a monetary policy instrument used by the European Central Bank (ECB)?
(a) Open Market Operations;
(b) Interest rates;
(c) Reserve Ratios;
(d) All of the above.
Answer: (d) All of the above.
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Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are S1 and D1. Which of the following can change the equilibrium exchange rate ($/pound) to $1.50 and the equilibrium quantity to 400 pounds?
A. the price level in Great Britain decreases B. income in the United States decreases C. British purchases of U.S.-made cars increase D. United States purchases of British-made cars increase
Data on after-tax income and consumption spending for the Adam Smith family are given below:After-tax IncomeConsumption Spending9,00015,40014,00018,40019,00021,40024,00024,400Based on these data, the Adam Smith family has a marginal propensity to consume equal to:
A. 0.9. B. 0.75. C. 0.6. D. 0.8.
A change in technology would affect MRP by its effect on MR
Indicate whether the statement is true or false
Commercial banks and thrift institutions:
A. differ because thrifts cannot make loans. B. differ because thrifts cannot offer checkable deposits. C. have become less similar in recent years. D. have become increasingly similar in recent years.