Which of the following is true?
A) The real interest rate is always positive.
B) The nominal interest rate is usually negative.
C) The real interest rate can be negative.
D) The real interest rate can never be zero.
E) The nominal interest rate is usually less than the real interest rate.
C
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The Fed can directly control all of the following EXCEPT
A) the federal funds rate. B) long-term interest rates. C) the discount rate. D) reserve requirements.
If no foreign companies produce in a country, but many of the country's companies build products in foreign countries, then it is safe to say that _____.
(A) The country's GDP and GNP are equal. (B) The country's GDP is greater than its GNP. (C) The country's GDP is equal to its national income. (D) The country's GNP is greater than its GDP.