The Chairman of the fome is:
A. the President of the New York Fed.
B. the Chairman of the Board of Governors.
C. the Secretary of the Treasury.
D. the Vice-Chairman of the Board of Governors.
Answer: B
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The supply of public school places is determined by
(a) individuals' demand for education. (b) direct and indirect costs of schooling. (c) political processes, often unrelated to economic criteria. (d) all of the above.
Assume that the interest parity holds and that the dollar is expected to appreciate against the pound. Given this information, we know that
A) U.S. and U.K. interest rates are equal. B) the U.S. interest rate exceeds the U.K. interest rate. C) the U.K. interest rate exceeds the U.S. interest rate. D) individuals will prefer to hold U.S. bonds because the U.S. interest rate exceeds the U.K. interest rate. E) none of the above