Assume that the central bank purchases government securities in the open market. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and reserves account in the context of the Three-Sector-Model?
a. The real risk-free interest rate falls, and reserves account becomes more negative (or less positive).
b. The real risk-free interest rate falls, and reserves account becomes more negative (or less positive).
c. The real risk-free interest rate falls, and reserves account remain the same.
d. The real risk-free interest rate rises, and reserves account remains the same.
e. There is not enough information to determine what happens to these two macroeconomic variables.
Question 2
Bitcoin is a:
a. Virtual currency that can be converted freely into a wide variety of real-world (legal tender) currencies.
b. Virtual currency that keeps track of owners and users by means of a clearing house called Mt. Gox.
c. Virtual currency that publishes all Bitcoin-related domestictransaction s online but keeps its international transactions confidential. This has led to Bitcoin's widespread use for illegal international (not domestic) transactions.
d. All of the statements above are true.
The central and peripheral nervous system
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Central Asia