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Full download Test Bank for The Economics of Money, Banking and Financial Markets: The Business School Edition, 3/E Frederic S. Mishkin file pdf free all chapter
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The Economics of Money, Banking and Financial
Markets: The Business School Edition, 3/E
As per the theory of Asset demand, “the quantity demanded of an asset is positively
related to wealth”.
Considering this theory, both are positively related. This means that with increase in
wealth, there would be an increase in Assets and vice versa. Hence, considering the
given situation, the person is less willing to buy shares of company M.
Step 2 of 5
(b)
As per the theory of Asset demand, “the quantity demanded to an asset is positively
related to its expected return relative to alternative assets”.
Considering this theory, he/she is expecting the value of the stock to appreciate. This
means that with increase in wealth, there would be an increase in Assets and vice
versa. Hence, considering the given situation, the person is more willing to buy
shares of company M.
Step 3 of 5
(c)
More liquid implies ability to get converted into cash anytime. In this case, he/she
could liquidate the shares there and then if wanted to. Hence, would be more willing
to buy shares of company M.
Step 4 of 5
(d)
As per the theory of Asset demand, “the quantity demanded to an asset is positively
related to its expected return relative to alternative assets”.
Considering this theory, he/she is expecting the value of the gold to appreciate ahead
of the stock of company M. Hence, purchase of Gold is preferable than stock of
company M. Hence, would be less willing to buy shares of company M.
Step 5 of 5
(e)
Prices in the bond market become more volatile:
FOOTNOTES:
[13] Practical Diatetics, Alida Frances Pattee, Publisher, Mt.
Vernon, N. Y.
Classification of Diets.
The purpose is not to give below such receipts as are found in
ordinary cook books, but simply to suggest foods useful for invalids,
for semi-invalids, or for chronic, abnormal conditions of digestive
organs.
BEVERAGES.
Beverages are primarily to relieve thirst; they may also contain
food elements; they may be used for their effect in heat and cold; for
their flavor which helps to increase the appetite; or for their
stimulating properties.
WATER. Pure and carbonated; mineral waters contain iron, sulphur,
lithium, etc.
Hot drinks should be served at a temperature of from 122 to 140
degrees F. When water is used as a hot drink it should be freshly
drawn, brought to a boil and used at once. This sterilizes and
develops a better flavor.
Cold water should be thoroughly cooled, but not iced, unless ice
water is sipped very slowly and held in the mouth until the chill is off.
Water is best cooled by placing the receptacle on ice rather than by
putting ice in the water.
Lemonade. Wash and wipe a lemon. Cut a slice from the middle
into two pieces to be used in the garnish before serving; then squeeze
the juice of the rest of the lemon into a bowl, keeping back the seeds.
Add sugar and boiling water; cover and put on ice to cool; strain and
pour into a glass.
Fruit Lemonade. To change and vary the flavor, fresh fruit of all
kinds may be added to strong lemonade, using boiling water as
directed above.
Lemon Whey. Heat one cup of milk in a small sauce pan, over hot
water, or in a double boiler. Add two tablespoonsful of lemon juice;
cook without stirring until the whey separates. Strain through cheese
cloth and add two teaspoons of sugar. Serve hot or cold. Garnish with
small pieces of lemon.
Wine Whey may be made in the same way, using ¼ cup of sherry
wine to 1 cup of hot milk.
Grape Juice, Apple Juice and Currant Juice are tonics and make
a dainty variety for the sick room. They should be used according to
their strength, usually about ⅓ of juice to ⅔ water. They should be
kept cold and tightly corked until ready to serve.
LIQUID FOODS.
Under this heading such liquids are given as are actual foods.
MILK. Milk is a complete food and a perfect food for infants, but not
a perfect food for adults. It may be used as
Whole or skimmed;
Peptonized; boiled;
Sterilized, pasteurized;
Milk with lime water, Vichy or Apollinaris;
With equal parts of farinaceous liquids;
Albuminized milk with white of egg;
Milk with egg yolk, flavored with vanilla, cinnamon or nutmeg;
Milk flavored with coffee, cocoa, or meat broth;
Milk punch; milk lemonade;
Koumiss; kefir or whey, with lemon juice, as above.
Eggnog. To make eggnog, separate the white and the yolk, beat
the yolk with ¾ of a tablespoonful of sugar and a speck of salt until
creamy. Add ¾ of a cup of milk and 1 tablespoonful of brandy. Beat
the white until foamy, add to the above mixture and serve immediately.
A little nutmeg may be substituted for the brandy. The eggs and milk
should be chilled before using. Eggnog is very nutritious.
Grape Yolk. Separate the white and the yolk of an egg, beat the
yolk, add the sugar and let the yolk and sugar stand while the white of
the egg is thoroughly whipped. Add two tablespoonsful of grape juice
to the yolk and pour this on to the beaten white, blending carefully.
Have all ingredients chilled before blending and serve cold.
Albuminized Milk. Beat ½ cup of milk and the white of one egg
with a few grains of salt. Put into a fruit jar, shake thoroughly until
blended. Strain into a glass and serve cold.
Toast Water. Toast thin slices of stale bread in the oven; break up
into crumbs; add 1 cup of boiling water and let it stand for an hour.
Rub through a fine strainer, season with a little salt. Milk, or cream and
sugar may be added if desirable. This is valuable in cases of fever or
extreme nausea.
Crust Coffee. Dry crusts of brown bread in the oven until they are
hard and crisp. Pound or roll them and pour boiling water over. Let
soak for fifteen minutes, then strain carefully through a fine sieve.
Meat Broth. Meat broth is made from meat and bone, with and
without vegetables. The proportion is a quart of water to a pound of
meat. Cut the meat into small pieces, add the cold water and simmer
until the quantity is reduced one-half. Strain, skim and season with
salt. Chicken, veal, mutton and beef may be used in this way. They
may be seasoned with onions, celery, bay-leaves, cloves, carrots,
parsnips, rice, barley, tapioca; stale bread crumbs may be added.
SEMI-SOLID FOODS.
jellies. Meat Jellies are made in two ways:
(1) Cook soup meat (containing gristle and bone) slowly for a long
time in just enough water to cover. Strain and set the liquid away in a
mold to cool and set. If desired, bits of shredded meat may be added
to the liquid before molding.
(2) Use meat broth and gelatin in the proportion of one tablespoon
gelatin to three quarters of a cup of hot broth. Pour into mold and set
on ice.
Boiled Custard.—One pint of milk, two eggs, half cup of sugar, half
saltspoon of salt. Scald the milk, add the salt and sugar, and stir until
dissolved. Beat the eggs very thick and smooth. Pour the boiling milk
on the eggs slowly, stirring all the time. Pour the mixture into a double
boiler, set over the fire and stir for ten minutes. Add flavoring. As soon
as a thickening of the mixture is noticed remove from the fire, pour
into a dish and set away to cool. This custard makes cup custard, the
sauce for such puddings as snow pudding, and when decorated with
spoonfuls of beaten egg-white, makes floating island.
Caramel Custard.—Melt the dry sugar until golden brown, add the
hot milk, and when dissolved proceed as before. Bake.
gruels.—Gruels are a mixture of grain or flour with either milk or
water. They require long cooking and may be flavored with sugar,
nutmeg, cinnamon, or almond.
Take the meal or flour (oatmeal, two tablespoons, or cornmeal, one
tablespoon, or arrowroot, one and a half tablespoons). Sift it slowly
into one and a half cups boiling water, simmer for an hour or two.
Strain off the liquid; add to it one teaspoon of sugar, season with salt,
and add one cup of warm milk.
Water Gruel.—If water gruel is desired, let the last cup of liquid
added be water instead of milk.
Cream Gruel.—A cream gruel may be made by using rich cream
instead of milk or water.
COOKED MEATS
[17]Beef, r’nd, boiled (fat) Small serving 36 1.3 40 60 00
[17]Beef, r’d, boiled (lean) Large serving 62 2.2 90 10 00
[17]Beef, r’d, boiled
Small serving 44 1.6 60 40 00
(med.)
[17]Beef, 5th rib, roasted Half serving 18.5 .65 12 88 00
[17]Beef, 5th rib, roasted Very small s’v’g 25 .88 18 82 00
[18]Beef, ribs boiled Small serving 30 1.1 27 73 00
[16]Calves foot jelly 112 4.0 19 00 81
[16]Chicken, canned One thin slice 27 .96 23 77 00
[16]Lamb chops, boiled,
One small shop 27 .96 24 76 00
av
[16]Lamb, leg, roasted Ord. serving. 50 1.8 40 60 00
[17]Mutton, leg, boiled Large serving 34 1.2 35 65 00
[17]Pork, ham, boiled (fat) Small serving 20.5 .73 14 86 00
[17]Pork, ham, boiled Ord. serving 32.5 1.1 28 72 00
[17]Pork, ham, r’st’d, (fat) Small serving 27 .96 19 81 00
[17]Pork, ham, r’st’d,
Small serving 34 1.2 33 67 00
(lean)
[16]Turkey, as pur.,
Small serving 28 .99 23 77 00
canned
[17]Veal, leg, boiled Large serving 67.5 2.4 73 27 00
VEGETABLES
[16]Artichokes, av. 430 15 14 0 86