Which of the following cities has a Federal Reserve Bank located in it?

A. Detroit
B. Miami
C. Philadelphia
D. Denver


Answer: C

Economics

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You have been promised a payment of $400 in the future. In which of the following cases is the present value of this payment the lowest?

a. You receive the payment 4 years from now and the interest rate is 4 percent. b. You receive the payment 4 years from now and the interest rate is 5 percent. c. You receive the payment 5 years from now and the interest rate is 4 percent. d. You receive the payment 5 years from now and the interest rate is 5 percent.

Economics

Per the video clip on the Great Depression and Keynesianism, which of the following is false?

Economics

Explain why the Fed making more discount loans to banks, or an open market purchase, or an increase in foreign exchange reserves all have the same effect on its balance sheet. What is that effect on the monetary base?

What will be an ideal response?

Economics

Adverse selection in employment is more likely when:

A. jobs require specific training. B. everyone is equally qualified for the job. C. people's abilities are easy to measure. D. people's abilities are difficult for potential employers to observe.

Economics