The discount rate is the interest rate:
a. commercial banks charge their low-risk customers for a loan.
b. savings and loan associations pay for using savings deposit funds.
c. the U.S. Treasury pays individuals who buy Treasury bonds in denominations of $10,000 or more.
d. the Federal Reserve charges banking institutions for borrowing its funds.
d
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When federal government spending amounts to less than tax revenues, the federal government runs a budget deficit
Indicate whether the statement is true or false
Explain what the poverty line is and its purpose
What will be an ideal response?
Suppose the supply of non-OPEC oil increases due to new petroleum discoveries in other countries. What happens OPEC's share of the world oil market?
A) Increases B) Decreases C) Remains the same D) We do not have enough information to answer this question.
When the interest rate rises, people are:
A. less likely to save, that is, purchase a financial asset. B. more likely to save, that is, sell a financial asset. C. more likely to save, that is, purchase a financial asset. D. less likely to save, that is, sell a financial asset.