Latin American economies have become relatively more closed to international trade since 1985
Indicate whether the statement is true or false
FALSE
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The financial system performs the role of communicating information by
A) constantly increasing the liquidity of most assets. B) constantly reducing the riskiness of most assets. C) incorporating all available information into the prices of financial assets. D) providing to investors for a nominal charge all government reports available about a particular company.
If a 10 percent price increase causes the quantity demanded for a good to decrease by 20 percent, demand is elastic
a. True b. False Indicate whether the statement is true or false
The nominal interest rate is the
a. interest rate corrected for inflation. b. interest rate as usually reported by banks. c. real rate of return to the lender. d. real cost of borrowing to the borrower.
If the Fed increases the money supply,
a. the interest rate increases, which tends to raise stock prices. b. the interest rate increases, which tends to reduce stock prices. c. the interest rate decreases, which tends to raise stock prices. d. the interest rate decreases, which tends to reduce stock prices.