Which of the followings is NOT a current duty of the Board of Governors of the Federal Reserve System?
A) setting margin requirements, the fraction of the purchase price of the securities that has to be paid for with cash
B) setting the maximum interest rates payable on certain types of time deposits under Regulation Q
C) approving the discount rate "established" by the Federal Reserve banks
D) voting on the conduct of open market operations
B
You might also like to view...
"All else constant, consumers will purchase more of a good as the price falls." This statement reflects the behavior underlying:
A. a change in demand. B. the demand curve. C. the supply curve. D. a change in supply.
If the price of bananas goes down, then the demand for pears will
A. remain constant, assuming bananas and pears are related goods. B. decrease, assuming bananas and pears are substitutes. C. decrease, assuming bananas and pears are complements. D. increase, assuming bananas and pears are substitutes.
Which of the following is a monetarist assumption that plays a key role in explaining the ineffectiveness of fiscal policy?
A. The instability in the velocity of money. B. A vertical aggregate demand curve. C. Crowding out. D. The liquidity trap.
National income accounting reveals that the value of total production in an economy
A) is always greater than the value of total income in the economy. B) is always less than the value of total income in the economy. C) is always equal to the value of total income in the economy. D) may be greater than, less than , or equal to the value of total income in the economy.