When economists talk about a "balance of payments" deficit, they refer to a condition in which total debits exceed total credits in the balance of payments account

If a one-year bond is purchased for $700 and the interest rate is 5 percent, what will it pay in one year?

A) $35 B) $665 C) $735 D) $770

In the Baumol-Tobin analysis of the demand for money, either an increase in ________ or an increase in ________ increases money demand

A) income; interest rates B) brokerage fees; interest rates C) interest rates; the price level D) brokerage fees; income