Which list ranks assets from most to least liquid?
a. money, bonds, cars, houses
b. money, cars, houses, bonds
c. bonds, money, cars, houses
d. bonds, cars, money, houses
Answer: a. money, bonds, cars, houses
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The relationship between the level of saving and the level of consumption is called the savings function
Indicate whether the statement is true or false
Rich and poor people have which of the following in common?
A) Scarcity B) Economizing behavior C) Pursuing the plans and projects in which they are interested D) All of the above. E) None of the above.
A monetary policy strategy that uses a fixed exchange rate regime that ties the value of a currency to the currency of a large, low inflation country is called ________ targeting
A) exchange-rate B) currency C) monetary D) inflation
An innovation that blurred the distinction between brokerage firms and commercial banks was Merrill Lynch's development in 1977 of the
A) cash management account. B) money market mutual fund. C) individual retirement account. D) discount brokerage.