A major reason for the development of money market mutual funds in the 1970s was that:
a. open-market operations were suspended
b. bank deposit rates were capped at levels below market interest rates.
c. money market funds offered more flexible checking privileges than banks.
d. they were considered to be safer than banks.
e. money markets did not exist until 1970.
b
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About how much of the tax is paid by cigarette sellers?
A. 2 cents
B. 8 cents
C. 10 cents
D. 18 cents
Money market mutual funds are funds pooled by
A. a group of people to buy short maturity credit instruments. B. a group of people to buy stock market funds. C. a group of people to buy U.S. Treasury bonds. D. a group of people to buy shares of stocks.
A country's capital stock decreased after a war while its labor supply remained constant. Which of the following will happen in this case if output is a function of capital and efficiency units of labor?
A) Its total output will remain constant. B) Its total output will decrease. C) Its per capita output will remain constant. D) Its per capita output will increase.
A budget deficit is the:
A. amount of money a government spends beyond the net revenue it brings in. B. amount of net revenue a government brings in beyond what it spends. C. total amount of money that a government owes. D. total amount of money that a government spends for discretionary policies.