The Federal Reserve System was NOT
A. established with the 1913 passage of the Federal Reserve Act.
B. the first attempt to have a United States central bank.
C. intended to act as a "lender of last resort."
D. designed to lend money to inherently sound banks so that they can survive financial panics.
B. the first attempt to have a United States central bank.
You might also like to view...
Which of the following is not one of the functions of the Federal Reserve?
a. Clearing checks. b. Printing currency. c. Supervising and regulating banks. d. Controlling the money supply.
If Vito decides to work 30 hours instead, his marginal utility loss from having less leisure will be 34.
a. 15
b. 21
c. 27
d. 8
A market which consists of many sellers and only one buyer is called a:
A. monopoly. B. monopolistic competitor. C. oligopoly. D. monopsony.
If a process is said to be integrated of order one, or I(1), _____.
A. it is stationary at level B. averages of such processes already satisfy the standard limit theorems C. the first difference of the process is weakly dependent D. it does not have a unit root