The purpose of having the members of the Board of Governors of the Federal Reserve serve fourteen-year terms is to
A) establish long-standing ties with high-level officials of other nations' central banks.
B) ensure that the governors become well-experienced at policymaking.
C) promote unity of opinion from shared time together.
D) insulate the governors' policy decisions from the influence of presidential elections and politics.
D
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For countries with high seigniorage returns, we expect
A) PPP holding better. B) a high and variable inflation rate. C) a smaller role for their currencies as an international store of value. D) All of the above.
Which of the following is true?
a. An increase in the interest rate will tend to increase stock prices. b. A reduction in the interest rate will tend to increase stock prices. c. An increase in the inflation rate will tend to increase stock prices. d. There is no reason to believe that changes in interest rates will influence stock prices.
Which of the following is not an important stock exchange in the United States?
a. New York Stock Exchange b. American Stock Exchange c. Chicago Mercantile Exchange d. NASDAQ
Which of the following is a correct statement about a Nash equilibrium in a two-player game?
A. A Nash equilibrium is always unique in real-world problems. B. The joint payoffs of the two players are highest compared to other strategy pairs. C. Given another player's strategy, no player can improve her welfare by unilaterally changing her strategy. D. All of the statements associated with this question are correct.