Suppose Alan receives a check for $300 from a bank in Dallas. He deposits the check in his account at his Baltimore bank. Which of the following is Alan's Baltimore bank likely to collect the $300 from?
A. The Baltimore bank's regional Federal Reserve bank.
B. The U.S. Treasury.
C. The main Federal Reserve Bank in Washington, D.C.
D. The Federal Reserve Board of Governors.
A. The Baltimore bank's regional Federal Reserve bank.
You might also like to view...
Which of the following statements best describes real per capita GDP in the US between 1929 and 1959?
a. It was a period of consistent increase. b. It was lower at the end of the period than the beginning because of the Great Depression. c. Although it was erratic in the early part of this period during the Great Depression, it increased consistently after World War II. d. It grew the most during World War II.
As a currency appreciates:
A) exports increase and imports decrease. B) exports decrease and imports increase. C) exports increase and imports increase. D) exports decrease and imports decrease.
Suppose we are at a long-run equilibrium point in an AD-AS model. Then the money supply falls. In the short run, is there any difference between what happens in the simple quantity theory of money (SQTM) version and the monetarist version of the model?
A) There is no difference. B) In the SQTM version, the price level falls; in the monetarist version, it does not. C) In the monetarist version, Real GDP falls; in the SQTM version, it does not. D) In the monetarist version, the price level falls; in the SQTM version, it does not. E) In the SQTM version, Real GDP falls; in the monetarist version, it does not.
Which list ranks assets from most to least liquid?
a. currency, demand deposits, money market mutual funds b. currency, money market mutual funds, demand deposits c. money market mutual funds, demand deposits, currency d. demand deposits, money market mutual funds, currency