Select the best answer for the multiple-choice questions and mark your choice on both the answer card and the test booklet. Attention to organization, spelling, grammar, and legibility is expected and rewarded. Commercial paper typically provides financing for a. TV advertisers b. A country is paying interest on bonds sold in past years to foreigners. If the U.S. dollar is trading for 0.625 in the United Kingdom, the value of the pound is a.
Most economists favor free trade because it tends to make everyone better off.
True b. False 7. Suppose the international value of the U.S. dollar rises. U.S. productivity has fallen c. U.S. interest rates have risen d. The balance sheets of financial intermediaries typically feature financial instruments a. on the asset side only b. on the liability side only c. on both the asset and liability sides d. as a part of their capital accounts 11. The passage of the Glass-Steagall Act permitted a bank holding company to operate both a commercial bank and an investment bank.