In comparing money to shares of Apple stock, we can say that
A) money is a store of value, but shares of Apple stock are not.
B) shares of Apple stock are a store of value, but money is not.
C) both money and shares of Apple stock are stores of value.
D) neither money nor shares of Apple stock are stores of value.
Answer:
Futures trading has traditionally been dominated by
A) the New York Stock Exchange.
B) the Chicago Board of Trade and the New York Mercantile Exchange.
C) the London Stock Exchange.
D) the Omaha Grain Exchange.
Answer:
To conduct open market operations, the FOMC issues a directive to
A) the trading desk at the Federal Reserve Bank of New York.
B) the Board of Governors in Washington, D.C.
C) the presidents of the district banks.
D) the chairman of the New York Stock Exchange.
Answer:
Which of the following would NOT cause a shift in the IS curve?
A) an increase in the domestic real interest rate
B) an increase in consumer confidence
C) a decrease in the expected future profitability of capital
D) a decrease in government purchases
Answer:
Who was the effectively in charge of the Fed during the early 1930s?
A) Secretary of Treasury
B) Head of the Federal Reserve bank of New York
C) Comptroller of the Currency
D) no one
Answer: