________ quantity theory of money suggests that the demand for money is purely a function of income, and interest rates have no effect on the demand for money
A) Keynes's
B) Fisher's
C) Friedman's
D) Tobin's
B
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The U.S.'s high trade deficit must be balanced by:
A. net capital inflows. B. high net capital outflows. C. low net capital outflows. D. None of these statements is true.
A measure that economists use in order to keep track of employment is
a. the price level b. real GDP per person c. real GDP d. the growth rate of output e. the unemployment rate
Which of the following is true?
A) Managed equity funds merely hold stocks in the same proportion they are represented in a broad stock market index such as the Dow Jones Industrials. B) Indexed equity funds generally have lower management and operating costs than managed funds. C) Managed equity funds generally outperform indexed equity mutual funds. D) Indexed equity funds generally engage in more stock trading than managed funds.
This is an interest rate that one commercial bank pays to another commercial bank
a. federal funds rate b. prime rate c. discount rate d. US Mint rate