The Federal Trade Commission regulates which of the following?
A) unfair trade practices by businesses
B) financial markets
C) trade with third world countries
D) the banking industry
Answer: A
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M1
A) is the sum of currency plus traveler's checks. B) is the narrowest definition of the money supply. C) includes credit cards. D) includes small time deposits.
Maintaining a strong dollar in international currency markets is not one of the four monetary policy goals of the Fed listed in the textbook
Indicate whether the statement is true or false
Assume that consumption spending is equal to $600, government spending is $100 billion, and GDP is $800 billion. If net exports are equal to zero, investment spending must be
A) $700 billion. B) $600 billion. C) $500 billion. D) $100 billion.
One reason goods inflation is preferred by policymakers is that it:
A. keeps the economy away from asset deflation. B. makes people richer. C. makes people see the importance of monetary policy. D. keeps the economy away from asset inflation.