The Internet Has Eliminated the Need for Distributors

question 99

True/False

The Internet has eliminated the need for distributors.

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Definitions:

Open-Market Operations

The purchase and sale of U.S. government bonds by the Fed.

Fed

Short for the Federal Reserve System, the central banking system of the United States responsible for monetary policy.

Nominal Interest Rate

The interest rate as usually reported without a correction for the effects of inflation.

Real Interest Rate

The nominal interest rate adjusted for inflation, reflecting the true cost of borrowing or the true yield on an investment.