Different banks:
A. may offer loans at different rates.
B. all offer loans at the same interest rate.
C. are mandated to follow the Fed's set interest rate.
D. never offer loans at exactly the same rates.
A. may offer loans at different rates.
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If a firm knew every consumer's willingness to pay and could prevent arbitrage it could charge every consumer a different price. This practice is known as
A) first-degree transfer of consumer surplus, or perfect price discrimination. B) first-degree price discrimination, or perfect price discrimination. C) maximization of producer surplus, or perfect price discrimination. D) first-degree exploitation, or perfect price discrimination.
Inflation plays a major role in determining whether a currency is appreciating or depreciating.
Answer the following statement true (T) or false (F)