Which of the following would shift the saving schedule upward?
A. A decrease in wealth
B. A decrease in real interest rates
C. Consumer expectations of rising prices of products
D. Increased optimism about future incomes
A. A decrease in wealth
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Which of the following is true regarding the interest rate earned on the reserves that bank's keep at the Fed?
A) These reserves earn no interest. B) It is relatively low. C) It varies depending on the federal funds rate. D) It is equal to the discount rate.
Securitization refers to
A) changing the mix in a financial portfolio away from stocks and toward bonds. B) selling directly to investors loans or securities that were formerly held by financial intermediaries. C) banks insisting that collateral be supplied on previously unsecured loans. D) reducing the exposure of a bank's portfolio to interest rate risk.