The beige book is prepared by
A) district banks.
B) Board of Governors.
C) FOMC staff members.
D) commerce department.
A
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Individuals who lease a new car
A) have a higher discount rate than those who buy. B) have a lower discount rate than those who buy. C) have the same discount rate as those who buy. D) behave irrationally and are taken advantage of by car companies.
The principle that irrelevant detail should not be included in a model is known as
A. Ockham's razor. B. a fallacy. C. ceteris paribus. D. normative economics.
The sum of the possible outcomes of a gamble multiplied by their respective probabilities is known as:
A. the expected value of the gamble. B. a fair gamble. C. the variance of the gamble. D. a better-than-fair gamble.
If Fifth Third Bank had actual reserves of $1 billion and required reserves of $1.1 billion, its excess reserves would be
A. $1 billion. B. $100 million. C. 0. D. -$100 million.