One of the most important enforcement tools of the Consumer Finance Protection Bureau is:
A) the threat of civil charges against those who violate the laws involving money transfers, foreclosure and many other financial services
B) the ability to audit financial firms and institutions
C) the ability to initiate new regulations
D) the authority to impose criminal penalties
A
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One impact of a rise in the dollar's value is that
A) imports become cheaper for the U.S. consumer. B) exports will increase sharply. C) U.S. goods will become cheaper overseas. D) U.S. goods are cheaper domestically.
According to liquidity preference theory, equilibrium in the money market is achieved by adjustments in
a. the price level. b. the interest rate. c. the exchange rate. d. real wealth.
Price ceilings often generate
A. black markets. B. market clearing prices. C. equilibriums that utilize rationing by price. D. rapid increases in supply to meet the excess demand.
For a number of years, General Motors used a pricing strategy designed to maintain at least 40 percent of the American car market. Does this strategy suggest that GM was maximizing profits or pursuing an alternative strategy?
What will be an ideal response?