The federal funds rate is the interest rate for
A. reserves that banks borrow from the Fed.
B. the preferred customers of the banks.
C. reserves borrowed by one bank from another bank.
D. banks belonging to the Federal Reserve System.
C. reserves borrowed by one bank from another bank.
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If marginal cost is zero, with an optimal two-part tariff
A) total revenue is maximized. B) the firm does not have to charge a fixed-fee portion. C) consumers maximize their surplus D) firms may not maximize profit.
Based on Table 9.1, the balance on the financial account is
A) +100. B) +200. C) 0. D) -100. E) -200.
The income and living standards of a nation will increase when
A) the availability of goods and services that people value increases. B) the imports of goods and services fall. C) jobs are protected and total employment expands. D) the prices of goods and services increase.
It's impossible to sustain economic growth or development in the absence of:
A. income equality. B. improvements in education. C. membership to world organizations, like the United Nations. D. a rule of law.