Federal Reserve regulations apply
a. to all banks in the United States
b. only to member banks
c. only to private commercial banks
d. only to national banks
e. only to state banks
A
You might also like to view...
Why is there NO persistent unemployment in the classical model?
A) Unionization creates job security for workers. B) The wage level adjusts to eliminate unemployment. C) The interest rate adjusts to eliminate unemployment. D) The rate of economic growth is always high enough to allow those who want to work at current wages to find jobs.
When Gabriel made a rational choice to spend his entire allowance on candy bars, he did so by comparing the
A) benefits of the candy bars to the desires he had for the candy bars. B) marginal benefits of the candy bars to the marginal costs of the candy bars. C) opportunity costs of the candy bars to the scarcity of the candy bars. D) benefits of the candy bars to the scarcity candy bars. E) self-interest to the social interest.
In a principal-agent relationship, moral hazard might occur if
A) the agent can hide his actions from the principal. B) the principal and agent are married. C) payoffs are based on a state of nature. D) the principal can hide her actions from the agent.
In general, an externality is created when
A) people are affected (other than by price) by a transaction which they were not part of. B) firms produce a product of low quality and consumers don't like it. C) firms have to pay for pollution the environment. D) the government subsidizes education.