The
yield to maturity for a discount bond is ________ related to the
current bond price.

The
stock market is important because it is

Everything else held constant, an increase in interest rates on
student loans

The
interest rate on Baa (medium quality) corporate bonds is_______ , on
average, than other interest rates, and the spread between it and
other rates became ________in the 1970s.

The
price paid for the rental of borrowed funds (usually expressed as a
percentage of the rental of $100 per year) is commonly referred to as
the

Financial
markets promote economic efficiency by

10. Since the European Central Bankinterest on reserves, banks have acost of complying with reserve requirements when compared to banks complying with the reserve requirements of the Federal Reserve.

9. The Fedʹs lender-of-last-resort function

8. The discount rate is

7.If the Fed expects currency holdings to rise, it conducts open market ______to offset the expected _______in reserves.

6. The two types of open market operations are