The central bank of the United States is called:
A. Bank of the United States.
B. the Federal Reserve System.
C. AmeriBank.
D. Bank of America.
Answer: B
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If the Fed increases interest rates, other things remaining the same, foreigners demand ________ dollars, thereby ________ the exchange rate
A) more; decreasing B) fewer; increasing C) the same number of; not affecting D) fewer; decreasing E) more; increasing
According to the text, government licensing frequently enables monopoly in
A) agriculture. B) electricity production. C) mining. D) retail sales.
Suppose the cross-price elasticity of demand between quinces and muskmelons is 5 . Which of the following must be true?
a. Quinces are normal goods. b. Muskmelons are normal goods. c. If the price of quinces rises by $5, the demand for muskmelons will increase by 1. d. If the price of muskmelons rises by $5, the demand for quinces will increase by 1. e. Quinces and muskmelons are substitutes.
Which of the following does not appear on the asset side of a bank's balance sheet?
a. Required reserves. b. Checkable deposits. c. Loans. d. Excess reserves.