89. Money ceases to serve as an effective store of value when ______.
A. the government runs large deficits
B. the unemployment rate is very high
C. productivity in the economy declines
D. rapid inflation occurs
90. An indication that the money supply is greater than the desirable amount would be .
A. insufficient spending and excessive saving
B. deflation
C. inadequate spending and rising unemployment
D. rising wages and prices
91. If a nation's interest rates are relatively low compared to those of other countries, then the exchange value of its currency will tend to ______ under a system of exchange rates.
A. appreciate…… floating
B. depreciate……floating
C. appreciate…… fixed
D. depreciate…… fixed
92. Which of the following is true of a company's balance sheet? ______.
A. It displays sources and uses of cash for the period
B. It is unnecessary if both an income statement and a statement of cash flows are available
C. It is a separate representation of the company's revenue and expense transactions for the year
D. It is an expansion of the basic accounting equation of Assets=Liabilities+Owner's Equity
93. When Americans or foreigners expect the return on dollar deposits to be high relative to the return on foreign deposits, there is a ______ demand for dollar deposits and a correspondingly ______ demand for foreign deposits.
A. higher…… higher
B. lower…… higher
C. higher…… lower
D. lower……lower
94. Velocity is the ______.
A. inverse of GNP
B. speed at which checking accounts are converted into cash
C. relationship between the price level and the money supply
D. rate at which money turns over
95. Assume that of your $10 000 portfolio, you invest $9 000 in Stock X and $1 000 in Stock Y. What is the expected return on your portfolio? ______.
A. 18%
B. 20%
C. 19%
D. 3%
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