For central bank liquidity swaps, which of the following is NOT true?
A. In a central bank liquidity swap, the Fed provides dollars to a foreign central bank.
B. Central bank liquidity swaps failed to effectively address the dollar problems in foreign banking systems during the global financial and economic crisis, so the swap programs were ended in February 2010.
C. Non-U.S. central banks used the dollars they received through central bank liquidity swaps to lend to financial institutions in their countries.
D. Central bank liquidity swaps were intended to provide dollar funding to non-U.S. financial institutions during the global financial and economic crisis.
Answer: B
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The inflation that occurred during the Civil War (1861–1865) can be described as all of the following except
(a) A means of expropriating resources to fight the war (b) A form of taxation to provide resources to fight the war (c) A representation of a decrease in the purchasing power of money (d) A less expensive way of paying for the war than taxation
A direct relationship exists when:
a. there is no association between two variables. b. one variable increases and there is no change in the other variable. c. one variable increases and the other variable increases. d. one variable increases and the other variable decreases.