Eco Test
4 out of 4 points | | | M2 consists ofAnswer | | | | | Selected Answer: | M1 plus amounts in savings accounts, money-market mutual funds (held by individuals), and small time deposits (under $100,000). | Correct Answer: | M1 plus amounts in savings accounts, money-market mutual funds (held by individuals), and small time deposits (under $100,000). | | | | | * Question 2
0 out of 4 points | | | A mechanism by which a short-term loan is made, allowing a shopper to purchase goods or services today and pay at a later date, is known as a ________ card.Answer | | | | | Selected Answer: | debit | Correct Answer: | credit | | | | | * Question 3
4 out of 4 points | | …show more content…
| Correct Answer: | the amount of money you would need to invest today to yield a given future amount. | | | | | * Question 19
4 out of 4 points | | | A coupon bond is a debt securityAnswer | | | | | Selected Answer: | that makes a regular interest payment until maturity, at which time the face value is repaid (so there is no amortization). | Correct Answer: | that makes a regular interest payment until maturity, at which time the face value is repaid (so there is no amortization). | | | | | * Question 20
4 out of 4 points | | | The equation that allows us to compare dollar amounts to be received or paid at different dates is theAnswer | | | | | Selected Answer: | present-value formula. | Correct Answer: | present-value formula. | | | | |
Sunday, October 23, 2011 1:27:54 PM EDT
OK
* Question 1
4 out of 4 points | | | According to the complete theory of the term structure of interest rates (the theory that incorporates a term premium), when the yield curve slopes downward investors expect short-term interest rates in the future toAnswer | | | | | Selected Answer: | fall. | Correct Answer: | fall. | | | | | * Question 2
0 out of 4 points | | | According to the expectations theory of the term structure of interest rates,Answer | | | | | Selected Answer: | the short-term interest rate is equal to the average of current and