Elimination of minimum brokerage commission rates occurred because of
A) competition from banks.
B) demands of institution investors.
C) competition from foreign brokerage firms.
D) an action of the Securities and Exchange Commission.
D
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If a country's nominal interest rate is zero, then
A) the country's economy is in a liquidity trap. B) exchange rates with other countries are likely to decline. C) exchange rates with other countries are likely to increase. D) monetary policy is likely to be very effective in stimulating the economy. E) the country's economy has achieved monetary equilibrium.
Assuming initially that the required reserve ratio = 10%, the currency-deposit ratio = 75%, and the excess reserve ratio = 156%, an increase in the currency-deposit ratio to 150% causes the M1 money multiplier to ________, everything else held
constant. A) increase from 0.73 to 0.78 B) decrease from 0.73 to 0.61 C) increase from 1.54 to 1.67 D) decrease from 1.67 to 1.54
Under a currency board regime, if domestic citizens are buying more (imports) from foreigners than they are selling to them (exports),
a. the amount of the domestic currency exchanged for the foreign currency will decrease and, thus, increase the domestic money supply. b. the amount of the domestic currency exchanged for the foreign currency will decrease and, thus, decrease the domestic money supply. c. the amount of the domestic currency exchanged for the foreign currency will increase and, thus, increase the domestic money supply. d. the amount of the domestic currency exchanged for the foreign currency will increase and, thus, decrease the domestic money supply.
In the long run, a perfectly competitive market produces at ________, whereas the monopolistic competitive firm does not
A) the output at which the lowest average total cost of production is reached B) an output level at which positive economic profits exist C) zero economic profits D) the point at which MR = MC=ATC