The Fed is a central bank and as such
A) does business only with the federal government.
B) provides banking services to banks but not individuals.
C) provides banking services to individuals and firms.
D) does business with international organizations such as the United Nations.
E) is where the Federal Government turns when it needs to borrow.
B
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The four-firm concentration ratio is the percentage of ________ accounted for by the four largest firms in an industry
A) profit B) supply C) total revenue D) total cost E) marginal cost
What was the stated purpose of the TARP $700 billion bailout?
A. Give it to financial institutions to keep them from going bankrupt. B. Purchase illiquid assets from banks and other financial institutions to restore market. C. Loan money to the automobile industry to save the market for automobiles. D. Provide incentives to homebuyers to improve the housing market.
If planned aggregate expenditures are $300 billion, consumption is $180 billion, investment is $75 billion, government spending is $45 billion, there is a
A. trade surplus of $600 billion. B. trade surplus of $300 billion. C. trade deficit of $300 billion. D. trade balance.
State and local taxes as a group seem to be mildly progressive, but federal taxes as a group seem to be mildly regressive.
Answer the following statement true (T) or false (F)