Which of the following is the most likely result of financial intermediaries?
A) increased funds available to borrowers
B) higher transaction costs
C) higher information costs
D) lower information cost but higher transaction costs
A
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In the open-economy macroeconomic model, if the U.S. interest rate rises, then U.S
a. net capital outflow rises, so the supply of dollars in the market for foreign exchange shifts right. b. net capital outflow rises, so the demand for dollars in the market for foreign exchange shifts right. c. net capital outflow falls, so the supply of dollars in the market for foreign exchange shifts left. d. net capital outflow falls, so the demand for dollars in the market for foreign exchange shifts left.
Which of the following is NOT an example of a transfer payment?
A) unemployment compensation B) food stamps C) government salaries D) Social Security benefits