The regional Federal Reserve bank presidents are:
A. selected by the Federal Reserve Board of Directors.
B. allowed to serve no more than two consecutive four-year terms.
C. are responsible for regulatory oversight and implementation of monetary policy of regional banks.
D. directly affiliated with other governmental agencies.
C. are responsible for regulatory oversight and implementation of monetary policy of regional banks.
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If the yen to dollar exchange rate moves from 105 to 115 yen per dollar, then the dollar has ________ and the yen has ________
A) appreciated; appreciated B) appreciated; depreciated C) depreciated; depreciated D) depreciated; appreciated
What is produced and consumed in the economy is determined jointly by
A) government policies and the economy's productive capacity. B) the economy's productive capacity and the preferences of consumers. C) the preferences of consumers and the behavior of business managers. D) the behavior of business managers and government policies.
Roughly what fraction of total spending is consumption spending?
a. One-half b. One-eighth c. Two-fifths d. One-quarter e. Two-thirds
Central banks can increase the money supply by:
a. Raising margin requirements. b. Selling government securities. c. Selling foreign exchange. d. Making discount loans. e. None of the above.