Why are the US interest rates, the Fed Funds rate and Treasury Securities interest rate so important to global capital flows? a. New York City's Wall Street is a major global capital market b. the US government instructs private investment banks as to where to invest c. These rates are the "risk free" benchmark rate against which many other interest rates are priced d. the US is a democracy
Why are the US interest rates, the Fed Funds rate and Treasury Securities interest rate so important to global capital flows? a. New York City's Wall Street is a major global capital market b. the US government instructs private investment banks as to where to invest c. These rates are the "risk free" benchmark rate against which many other interest rates are priced d. the US is a democracy
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter31: The Impacts Of Government Borrowing
Section: Chapter Questions
Problem 3SCQ: In the late 1990s, the U.S. government moved from a budget deficit to a budget surplus and the trade...
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