All of the following take place in the direct finance market except
A) ownership in corporations is sold in the form of common stock.
B) ownership in corporations is sold in the form of preferred stock.
C) corporate bonds are sold to savers.
D) deposits from savers are accumulated and loans made to borrowers.
D
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"The United States should adopt more open trade policies because they historically have caused increased economic growth." This is an example of what kind of statement?
A. Unequivocally true B. Normative C. Positive D. Unequivocally false
If the MPC = .80, and investment rises from $100 to $150, real GDP will increase by:
a. $50. b. $125. c. $20. d. $250. e. $200.
The Federal Reserve Bank is the U.S. central bank:
A. who holds, in reserve, all financial assets of banks. B. who holds, in reserve, all financial liabilities of banks. C. whose assets serve as cash in the United States. D. whose liabilities serve as cash in the United States.
The current account in the BOP records:
A. all money flowing between countries. B. a nation's yearly exports and imports of goods and services. C. only the transactions involving capital goods in international trade. D. only the transactions involving consumer goods in international trade.