Which of the following is not a tool of monetary policy?
a. open market operations
b. reserve requirements
c. changing the discount rate
d. increasing the government budget deficit
Ans: d. increasing the government budget deficit
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What are the institutions that make up the nation's banking system?
What will be an ideal response?
A south sea island produces only coconuts. In 2012, the price of a coconut is $1 and the quantity produced is 200. In 2013, the price of a coconut is $1.50 and the quantity produced is 250. 2012 is the base year. Real GDP in 2013 is ________
A) $375 B) $350 C) $200 D) $250 E) $1.50
An example of a public good that is difficult to make excludable is:
A. sewer systems. B. fire protection. C. national defense. D. All of these are nonexcludable public goods.
The primary purpose of the discount window is to
A. fulfill the bank's lender of last resort role. B. influence the amount of loans that banks provide to the public. C. control banks' excess reserves. D. influence the nation's money supply.