One type of financial intermediary now falling in relative importance is
A) money market mutual funds.
B) pension funds.
C) thrift institutions.
D) mutual funds.
C
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An example of the "equity vs. simplicity" tradeoff is the tax treatment of
A. capital gains. B. spouses. C. earned income. D. children.
Which of the following are most likely to be in poverty?
a. Families headed by a male b. White males c. Disabled people d. Married couples e. People with a college degree
The commercial banks on Sunny Island have checking deposits of $4 million, reserves of $600,000, and loans of $2.4 million. The desired reserve ratio is 10 percent. The banks have ________ of desired reserves and ________ of excess reserves
A) $600,000; $0 B) $400,000; $200,000 C) $400,000; $600,000 D) $600,000; $200,000
If Italy's real GDP fell from $2.2 trillion one year to $1.9 trillion the next, the annual growth rate would be:
A. 13.6 % B. 15.8 % C. 13.6 % D. 15.8 %