Primary dealers are those
A) permitted to trade directly with the Fed.
B) who work under the account manager at the Federal Reserve Bank of New York.
C) who specialize in selling bonds to small private investors.
D) responsible for assuring that interest rates do not decline unless the FOMC has given specific instructions that they decline.
A
Economics
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The combination of high unemployment and high inflation is termed
a. reflation. b. stagflation. c. depression. d. unflation.
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If a 6% decrease in price for a good results in a 2% increase in quantity demanded, the price elasticity of demand is
a. 0.02. b. 0.33. c. 3. d. 4.
Economics