If the bid value of a Treasury bond is listed as "112:16", it means that the buyer is willing to pay $1,125 for the bond.
Answer the following statement true (T) or false (F)
True
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Use the following graph, which shows the supply and demand for British pounds, to answer the next question.
D1 and S1 represent the initial demand and supply curves. What will be the new equilibrium point if there is an increase in consumer spending by the British on American products and a decrease in consumer spending by Americans on British products?
A. Point J B. Point C C. Point A D. Point H
If potatoes are inferior goods, which of the following will increase the demand for these goods?
a. Increase in the price of a complement b. Decrease in income c. Decrease in the price of a substitute d. Increase in income
Define the efficient markets hypothesis
Decisions to buy or sell securities at the Fed are made by the:
A. Congress. B. Federal Open Market Committee. C. Federal Deposit Insurance Corporation. D. President's Council of Economic Advisors.