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NEW QUESTION: 1
The nation of Economica has increased their M1 money supply by 10% over the last year by printing currency. This policy causes no price inflation. Which of the following could explain this phenomenon?
I). The nation of Islandia begins using the Economican currency as a reserve.
II). Aggregate output increases in Economica.
III). The Central Bank begins a government debt buy-back program.
A. I, II, III.
B. I, II.
C. I only.
Answer: B
Explanation:
Under the basic price level equation P = M / Y (Price Level = Money Supply / Output, ignoring the velocity of money for the moment), a 10% increase in the money supply would result in an increase in the price level. One obvious thing that could prevent price inflation would be a corresponding increase in output. Another possibility would be some reduction in the money available for purchase of goods, such as a foreign nation holding domestic currency as reserve.
When Central Banks buy government debt, they usually do so with newly printed cash, and even if not, a debt buy-back would serve to decrease interest rates, which would result in an expansion of the money supply.
NEW QUESTION: 2
You want to create a cursor that will SELECT the "customer" table. The created cursor must be able to move in any direction and reference data even after the end of the transaction.
Select one answer containing the correct keyword(s) to fill in the underlined blank below.
DECLARE cursor1 __________ FOR SELECT * FROM customer;
A. CURSOR WITHOUT HOLD
B. INSENSITIVE CURSOR
C. SCROLL CURSOR WITH HOLD
D. NO SCROLL CURSOR WITH HOLD
E. CURSOR
Answer: C
NEW QUESTION: 3
Wer ist für die Überwachung der Risiken und die Umsetzung von Risikoreaktionsplänen verantwortlich, wenn das Risikoereignis eintritt?
A. Risikoinhaber
B. Der Kunde
C. Risikomanager
D. Projektmanager
Answer: A
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