Which of the following is responsible for holding bank reserves?
A. The Federal Reserve Board of Governors.
B. The 12 regional Federal Reserve banks.
C. The Executive Branch of government.
D. The Fed chairman.
B. The 12 regional Federal Reserve banks.
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_____ believe that the primary causes of the Depression were autonomous declines in aggregate demand initiated by shocks to the IS curve
a. Monetarists. b. classical economists. c. early and late Keynesians. d. early Keynesians only.
About ________________ of all Americans volunteer each year in the non-profit sector
a. one-tenth b. one-quarter c. one-half d. 90%
An appreciation of the U.S. dollar relative to the Japanese yen causes
A) a lower dollar-price of Japanese goods which induces the U.S. to increase their purchasing of Japanese goods. B) the quantity demanded of U.S. dollars to increase because the Japanese want to buy more U.S. goods. C) the Japanese to buy more U.S. goods, causing the dollars to appreciate further. D) the U.S. to buy less Japanese goods, causing the U.S. to depreciate.
Suppose the yen value of a $100,000 wheat import contract rises from ¥12,000,000 to ¥13,000,000 between the contract and the payment date. This implies that the yen value of 1 dollar has declined so that, other things equal, we can expect an increase in Japanese demand for U.S. goods
a. True b. False Indicate whether the statement is true or false