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ECON Test 1 Review Answers (got 96%)

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Department
Economics
Course
ECON 2035
Professor
All Professors
Semester
Fall

Description
Econ2035MoneyBankingandMacroeconomicActivityFall2011PracticeMidterm1Choosetheonealternativethatbestcompletesthestatementoranswersthequestion1FinancialmarketspromoteeconomicefficiencybyAchannelingfundsfrominvestorstosaversBcreatinginflationCchannelingfundsfromsaverstoinvestorsDreducinginvestment2ThebondmarketsareimportantbecausetheyareAeasilythemostwidelyfollowedfinancialmarketsintheUnitedStatesBthemarketswhereforeignexchangeratesaredeterminedCthemarketswhereinterestratesaredeterminedDthemarketswhereallborrowersgettheirfunds3HighinterestratesmightpurchasingahouseorcarbutatthesametimehighinterestratesmightsavingAdiscourageencourageBdiscouragediscourageCencourageencourageDencouragediscourage4AshareofcommonstockisaclaimonacorporationsAdebtBliabilitiesCexpensesDearningsandassets5ChannelingfundsfromindividualswithsurplusfundstothosedesiringfundswhenthesaverdoesnotpurchasetheborrowerssecurityisknownasAbarterBredistributionCfinancialintermediationDtaxation6EverythingelseconstantastrongerdollarwillmeanthatAvacationinginEnglandbecomesmoreexpensiveBvacationinginEnglandbecomeslessexpensiveCFrenchcheesebecomesmoreexpensiveDJapanesecarsbecomemoreexpensive7WhichofthefollowingisacontractualsavingsinstitutionAAcreditunion
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