The Federal Reserve is the nation's central bank. Therefore, does it provide banking services to individual citizens?
What will be an ideal response?
No, because it is the nation's central bank, the Federal Reserve provides banking services to the nation's banks but not to individual citizens.
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The extent of the decline in output associated with the imposition of an employment tax depends on the
A) slope of the labor supply curve. B) tax rate. C) wage rate. D) slope of the labor demand curve.
Suppose an investment bank has a leverage ratio of 10 and the value of its securities decline by 10%. What happens to its return on equity investment?
A) declines by 1% B) increases by 1% C) declines by 100% D) increases by 100%
Suppose that if there are n users of a network, the value of the membership is proportional to n(n ? 1). If the value of a network to a single user is $1 for each other user on the network, then a network of size 100 has a value of:
a. $9,500. b. $9,900. c. $9,000. d. $10,000. e. $10,100.
On an annual basis, Americans spend about as much on health care as they do on
A) food. B) clothing. C) transportation. D) housing.