Comparing the European and the U.S. central bank systems, the Executive Board of the European system resembles:
A. the Board of Governors.
B. the FOMC.
C. the Presidents of the regional Federal Reserve Banks.
D. the Chairman of the Board of Governors of the Fed.
Answer: A
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One dollar could be exchanged for 55 rupees in 2013 and for 60 rupees in 2014. This implies that the:
A) real exchange rate did not change in 2014. B) dollar appreciated in 2014. C) nominal exchange rate did not change in 2014. D) rupee appreciated in 2014.
Using the above table, the marginal utility for the sixth glass of water is
A. -5 utils. B. 5 utils. C. 260 utils. D. 255 utils.
Under a fixed exchange rate system, a central bank's intervention in the foreign exchange market will not affect the domestic money supply
Indicate whether the statement is true or false
To find the average percentage change in quantity demanded,
A. The change in price is divided by the average price. B. The change in quantity demanded is divided by the average quantity. C. The change in quantity demanded is divided by the change in price. D. The change in price is divided by the percentage change in quantity demanded.