For the Week ending 07/30/2004
Directions: Choose the word that matches with the definition and appropriately fits into the blank space in the sentence.
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when short-term interest rates are higher than long-term rates
An _______ usually precedes a recession. |
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interest rates that are not adjusted for inflation
When someone purchases a bond that yields 8%, the ______ is 8%. |
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an increase in the money supply accompanied by a decrease in the purchasing power of money
Rising prices are the effect of monetary _____. |
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the price of one currency expressed in the terms of another
One U.S. dollar trading for 1.25 Euros is a typical example of one ______. |
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the interest rate that banks charge each other for overnight loans
After running low on reserves, Bank A borrowed money from Bank B at the ______. |