To a bank, checkable deposits are classified as a liability
Indicate whether the statement is true or false
True
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A decrease in the nominal interest rate ________ the opportunity cost of holding money
A) increases B) decreases C) can increase or decrease D) None of the above answers is correct because the nominal interest rate does not affect the opportunity cost of holding money.
Refer to Figure 19-10. Under the Bretton Woods System of exchange rates, if the par exchange rate was $2 per pound in the figure above, and equilibrium persisted at $3, then a revaluation of the currency would have
A) led to a balance of trade surplus. B) increased the price of imports to Britain. C) led to a current account surplus. D) increased the price of British exports to the United States.
Between 1994 and 2000 the poverty rate ____ and the number of people on welfare ______.
A. declined; declined B. rose; rose C. rose; declined D. declined; rose
The interest rate that banks charge each other for short-term loans is the
a. discount rate b. prime rate c. treasury rate d. federal funds rate e. interbank rate