If E$/£ increases by 20%, this is consistent with an increase from:

The population is 1,000 million, the labor force is 750 million, and the number of unemployed is 30 million. What is the unemployment rate?

A) 4 percent B) 3 percent C) 10 percent D) 7.5 percent

In general, banks would prefer to acquire funds quickly by ________ rather than ________

A) reducing loans; selling securities B) reducing loans; borrowing from the Fed C) borrowing from the Fed; reducing loans D) "calling in" loans; selling securities