Which of the following is not correct?

a. The regional Federal Reserve Banks play a role in regulating banks and ensuring the health of the banking system.
b. The President of the New York Federal Reserve Regional Bank always gets to vote on the decisions made by the Federal Open Market Committee.
c. U.S. monetary policy is made by the Federal Open Market Committee.
d. The Federal Open Market Committee meets every 12 weeks.


d

Economics

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Indicate whether the statement is true or false

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A 5 percent tax is going to be applied to a $100,000 tax base. What can be said about the revenue collected assuming dynamic tax analysis?

A) The total revenue will be zero. B) The total revenue will be between $0 and $5,000. C) The total revenue will be $5,000. D) There is not enough information to determine what revenues will equal.

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Idiosyncratic risk:

A. can not be eliminated through diversification. B. is unique to a particular company or asset. C. is not generally absent from index funds. D. All of these are true.

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Indicate whether the statement is true or false

Economics