The Fed can directly control all of the following EXCEPT
A) the federal funds rate. B) long-term interest rates.
C) the discount rate. D) reserve requirements.
B
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In the past twenty years or so, all major U.S. trade legislation has typically included all of the following except
A) negotiating authority for the President to try to achieve new trade agreements. B) new U.S. trade barriers in the form of dumping or countervailing duty laws. C) new U.S. trade barriers in the form of uniformly higher tariffs on all goods. D) expanded laws calling on the President and USTR to investigate and challenge unfair trading practices of foreign countries.
Which of the following is consistent with international trade theory?
A) The United States needs trade restrictions to stay competitive. B) The United States has been falling behind Europe and Japan because its economy is too open. C) The standard of living within a country is a function of the economic strength of the economy and not of its relative position. D) A country should strive for comparative advantage in manufacturing.
When the anticipated rate of inflation is 2 percent and the real rate of interest is 4 percent, the nominal rate of interest is
A. 0 percent. B. 1 percent. C. 2 percent. D. 6 percent.
Over the last twenty years in the U.S., the number of banks has:
A. steadily decreased. B. stayed about the same. C. more than doubled. D. steadily increased.