In recent years, China and India have prospered economically by introducing
A. a stronger central bank.
B. more competition through markets.
C. greater government intervention.
D. more centralized planning.
Answer: B
Economics
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The country in which banks are classified as city banks, regional banks, and special purpose financial institutions is
A) the United Kingdom. B) the United States. C) Japan. D) Germany.
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Using the cash balance version of the quantity theory with k = .2, an increase in the money supply of $100 billion leads to an increase in GDP of
A) $500 billion. B) $100 billion. C) $50 billion. D) $20 billion.
Economics