Two reasons savers keep deposits at banks are to:
A. secure mortgages and to purchase stocks.
B. lower interest rates and to increase the money supply.
C. equalize loan supply and demand and to earn interest.
D. earn a return on their savings and to facilitate making payments.
Answer: D
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Suppose this economy is currently closed. ________ is/are most likely to want open trade, and ________ is/are most likely to oppose opening the economy to trade. 
A. bike manufacturers; bike purchasers B. the government; bike purchasers C. bike manufacturers; the government D. bike purchasers; bike manufacturers
In an agreement to exchange dollars for euros in three months at a price of $0.90 per euro, the price is the
A) spot exchange rate. B) money exchange rate. C) forward exchange rate. D) fixed exchange rate.
If the Fed conducted an open market sale of bonds, what would most likely happen in the bond market?
a. The excess demand for bonds would cause the price of bonds to fall. b. The excess supply of bonds could cause the price of bonds to rise. c. There would be no effect in the bond market. d. The excess supply of bonds would cause the price of bonds to fall. e. The excess demand for bonds would cause the price of bonds to rise.
While in college, John and Bethany each buy five packages of mac-n-cheese per week. After they graduate and have full-time jobs, John buys six packages per week, but Bethany buys only two packages per week. When looking at income elasticity of demand for mac-n-cheese, John's
a. is negative, and Bethany's is positive. b. is positive, and Bethany's is negative. c. is zero, and Bethany's approaches infinity. d. approaches infinity, and Bethany's is zero.