Which of the following is NOT an activity carried out by Federal Reserve district banks?
A) open market operations
B) issuing new Federal Reserve Notes
C) making discount loans
D) examining state member banks
A
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Checking deposits are
A) not part of money. B) part of money. C) small in volume relative to currency in circulation. D) quite different from checking accounts.
The term Original Sin by two economists Barry Eichengreen and Ricardo Hausmann is used to describe what?
A) low-income economy B) developing countries' inability to borrow in their own currencies C) a sin that is part of the Ten Commandments D) borrows not able to receive loans E) not diversifying economies portfolios
In the foreign-exchange market, trading
A) is restricted to the hours 10 A.M. to 3 P.M. New York time. B) may not take place after 5 P.M. London time. C) takes place at any hour of the night or day. D) takes place at prices set by the U.S. government in consultation with the governments of other leading countries.
A price taker is
A) a firm that accepts different prices from different customers. B) a consumer who accepts different prices from different firms. C) a perfectly competitive firm. D) a firm that cannot influence the market price. E) both C and D