The Federal Reserve System consists of which of the following?
A. Federal Deposit Insurance Corporation and Controller of the Currency.
B. Board of Governors and the 12 Federal Reserve Banks.
C. U.S. Treasury Department and Bureau of Engraving and Printing.
D. Federal Open Market Committee and Office of Thrift Supervision.
Answer: B
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If the elasticity of demand were positive what would this imply about the shape of the demandcurve? Why is it that we are unlikely to find a price elasticity of demand with a positive value?
What will be an ideal response?
The presence of information and transactions cost result in all of the following EXCEPT:
A) reduced efficiency of financial markets. B) higher returns for savers C) some funds not being lent at all D) borrowers need to pay more for funds
Which is a determinant of supply?
a. Consumer income b. Tastes and preferences c. Production (resource) costs d. Number of consumers
Suppose when you are offered $8.00 per hour to work in the campus library, you choose not to work, but when you are offered $12.00 per hour, you accept a part-time position. Your behavior can best be explained by the fact that your supply of labor curve is:
A. upward-sloping. B. vertical. C. horizontal. D. downward-sloping.