What does it mean for an investment bank conducts a "road show"?
A) It involves an investment bank marketing its services to firms considering new issues.
B) It is when an investment bank goes to the SEC to seek approval for a new issue.
C) It is when firms seeking an underwriter consider alternative investment banks.
D) It involves visits to institutional investors who might want to buy the security issue.
D
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An increase in the excess reserves banks want to hold, together with people taking currency out of their demand deposit accounts, would: a. increase the money supply
b. decrease the money supply. c. leave the money supply unchanged. d. have an indeterminate effect on the money supply.
Which of the following would be recorded as a credit in the U.S. balance of payments accounts?
a. the purchase of a German business by a U.S. investor b. the import of Honda trucks by a U.S. automobile distributor c. European travel expenditures of an American college student d. the purchase of a U.S. Treasury bond by a French investment company