The Federal Reserve System first began operations in:
A. 1934
B. 1914.
C. 1789.
D. 1865.
Answer: B
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In economics, the demand for a good refers to the amount of the good that people
a. Will buy at alternative income levels b. Need to achieve a minimum standard of living. c. Will buy at various prices d. Would like to have if the good were free
Assume government policy increases the demand for corn
A) The consumer surplus of corn buyers will increase. B) The producer surplus of corn growers will decrease. C) The producer surplus of corn growers will increase. D) The producer surplus of corn growers will not change.
A technique that can be employed to make a portfolio less risky than any of its individual securities is
a. plowback. b. diversification. c. programmed trading. d. speculation.
Producer?producer rivalry functions:
A. only when multiple sellers for a product compete in the market. B. even when customers are not scarce. C. only when single sellers for a product compete in the market. D. regardless of the number of sellers.