The discount rate is the interest rate charged by:
a. major banks to their best customers.
b. banks for overnight loans to other banks.
c. the Fed on loans of reserves to banks.
d. banks for loans of less than 24 hours.
c
You might also like to view...
Many East Asian currencies during the 1990s were
a. allowed to float freely b. pegged to the Japanese yen c. pegged to the U.S. dollar d. pegged to gold e. none of the above
Refer to Figure 8.2. How much profit will the firm earn if price stays at $80?
A) $0 B) $306 C) $312 D) $1000 E) $1024
The federal personal income tax is designed as a
a. progressive tax b. regressive tax c. proportional tax d. poll tax e. payroll tax
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.