The ratio (in physical units) at which two countries trade goods is known as the
a. opportunity cost
b. marginal social cost
c. price to earnings ratio
d. comparative advantage ratio
e. terms of trade
E
Economics
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Banks who held mortgage-backed securities "took a bath" during the financial crisis of 2007-2009 due to:
A) rising yields in secondary markets which led to a decline in the price of mortgage-backed securities. B) falling yields in secondary markets which led to a decline in the price of mortgage-backed securities. C) their inability to issue new mortgages. D) more rapid pre-payment of mortgages.
Economics
If the required reserve ratio is 0.12, the amount a bank can lend is equal to:
A. 88 percent of its reserves. B. 88 percent of its deposits. C. 12 percent of its reserves. D. 12 percent of its deposits.
Economics