Which of the following is not a requirement of member banks of the Federal Reserve?
a. buy stock of the Federal Reserve Bank of its district.
b. maintain sufficient monetary reserves to meet the requirements set by the Board of Governors.
c. hold ten percent of their assets in short-term government securities.
d. insure their deposits with the FDIC.
c. hold ten percent of their assets in short-term government securities.
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What will happen to the exchange rate between the euro and the U.S. dollar if U.S. interest rates increase?
What will be an ideal response?
Why does a perfectly competitive market require many participants as both buyers and sellers?
(A) So that both buyer and seller have the same information. (B) In order to maintain quality over the goods. (C) So that no individual can control the price. (D) Because the merchandise must be uniform.
Suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following policies is most appropriate according to the AS/AD model?
A. A reduction in government spending B. An increase in taxes C. An increase in government spending D. No change in taxes or government spending
The theory of ______ advantage was the first to attack the tenet of mercantilism which implied that trade is a zero-sum game
Fill in the blank(s) with the appropriate word(s).