All of the following are functions of the Federal Reserve System (the Fed) EXCEPT
A) supplying currency. B) lender of last resort for consumers.
C) check clearing. D) regulation of the money supply.
B
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Which of the following creates difficulties in making comparisons of real GDP across nations?
A) Each nation has a different population. B) Relative prices differ sharply across countries. C) Nations produce different goods and services. D) Nations often have different languages.
Currency speculators are traders who seek to profit from a(n):
a. shift in global demand and supply patterns. b. increase in the price of oil. c. sudden shift in interest rates. d. exchange rate change by selling the currency expected to appreciate and buying the currency expected to depreciate. e. exchange rate change by selling the currency expected to depreciate and buying the currency expected to appreciate.
The Gini coefficient measures:
a) Income inequality b) Inflation c) Unemployment d) Economic growth
Stock prices may rise from a reduction in interest rates because:
A. financial market participants are less optimistic about future earnings. B. stockholders will expect lower future earnings. C. the present value of future earnings will decrease. D. consumer and business confidence about future growth improves.